Which of the Following Accounts Would Not Be Closed at the End

question 17

Multiple Choice

Which of the following accounts would not be closed at the end of each fiscal year?

• A) Fund balance.
• B) Estimated revenues.
• C) Interfund transfers out.
• D) Expenditures.

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Definitions:

George Fitzhugh

A nineteenth-century American social theorist known for his defense of slavery as a positive good, arguing that slavery ensured the welfare and civilization of society as a whole.

Yeoman Farmers

Small landowners (the majority of white families in the Old South) who farmed their own land and usually did not own slaves.

Urban Slaves

Refers to enslaved people who lived and worked in urban settings, often in roles different from their counterparts on plantations, such as artisans or domestic workers.

Civil War

Refers to the American Civil War, fought from 1861 to 1865, primarily over the issues of slavery and states' rights, resulting in the preservation of the Union.