In a Budgetary Entry, If Appropriations Control Exceeds Estimated Revenues

question 57

Multiple Choice

In a budgetary entry, if Appropriations Control exceeds Estimated Revenues Control, the excess would be:

• A) debited to Budgetary Fund Balance.
• B) credited to Budgetary Fund Balance.
• C) credited to Fund Balance-Unassigned.
• D) credited to Fund Balance-Reserved for Encumbrances.

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Definitions:

Pooled Standard Deviation

Pooled Standard Deviation is a method to estimate the standard deviation from several different samples having different sizes, assuming they come from the same population.

Sample Means

The average value of a set of observations drawn from a population.

Lower Control Limit

The threshold in a control chart below which the process variation is considered to indicate an out-of-control condition.

Correct Mean

The accurate average value of a data set computed by summing all the values and dividing by the count of the values.