When the Budget for the General Fund Is Recorded, the Required

question 69

Multiple Choice

When the budget for the General Fund is recorded, the required journal entry will include:

• A) A credit to Estimated Revenues.
• B) A debit to Encumbrances.
• C) A debit to Appropriations.
• D) Either a debit or credit to Budgetary Fund Balance, as appropriate.

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Definitions:

Organizational Culture

The collective norms, ideologies, and rituals that define the cultural and emotional fabric of a company.

Principled Dissent

The act of expressing disagreement or opposition based on one's moral, ethical, or professional standards or principles, often done to prompt consideration of alternative perspectives.

Organizational Cultures

The collective behaviors, customs, and ways of thinking that are unique to each organization and that shape its members' actions and interactions.

Ethical Behavior

Ethical Behavior involves acting in ways consistent with societal norms and values, including honesty, integrity, fairness, and respect.