A Properly Prepared Schedule of Revenues, Expenditures, and Changes in Fund

question 38

Multiple Choice

A properly prepared schedule of revenues, expenditures, and changes in fund balances-budget and actual will include which of the following columns?

• A) Actual revenue and expenditure amounts on the GAAP basis.
• B) Actual revenue and expenditure amounts on the budget basis.
• C) Encumbrances outstanding at year-end.
• D) Unexpended appropriations.

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Definitions:

Data Types

Categories of data that inform compilers or interpreters how the programmer intends to use the data, such as integer, string, and boolean.

Number

A mathematical entity utilized for the purposes of counting, measuring, and labeling tasks.

Currency

The system of money in use or circulation within a particular country or economic region.

Upper Pane

The top section of a split interface in software applications, often used to display different types of content or controls simultaneously with a lower pane.