If an Expenditure Was Inadvertently Charged to the General Fund

question 20

Multiple Choice

If an expenditure was inadvertently charged to the General Fund instead of the appropriate Special Revenue Fund, what effect would the correction of this error later in the same fiscal year have on the General Fund?

• A) An entry would be made directly to the General Fund's fund balance to correct the error.
• B) Revenues would be increased.
• C) Expenditures would be decreased.
• D) Transfers in would be increased.

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Definitions:

Algae

A diverse group of photosynthetic organisms, mostly aquatic, that range from single-celled forms to large seaweeds, not classified as plants.

Multinucleate

Cells or organisms with more than one nucleus per cell, often resulting from cell fusion or failure of cell division.

Plasmodial Slime Molds

Organisms that exist as a single, large cell with multiple nuclei, moving and feeding in amoeboid fashion.

Amoeboid-Like

Resembling or having the characteristics of an amoeba, especially in the ability to change shape or move by protruding pseudopodia.