Which of the Following Will Require a Debit to Fund

question 22

Multiple Choice

Which of the following will require a debit to Fund Balance--Unassigned of a governmental fund when operating statement accounts are closed at the end of the year,assuming there are no other financing sources or uses?

• A) Revenues are less than expenditures.
• B) Revenues are more than expenditures.
• C) Revenues are more than expenditures and encumbrances.
• D) Revenues are less than expenditures and encumbrances.