Which of the Following Neither Increases nor Decreases Fund Balance

question 33

Multiple Choice

Which of the following neither increases nor decreases fund balance of the General Fund during the current period?

• A) Deferred inflows of resources.
• B) Revenues.
• C) Expenditures.
• D) Other financing sources.

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Definitions:

Forward Contract

A customized financial agreement between two parties to buy or sell an asset at a specified price on a future date, often used for hedging risks.

Natural Hedge

A risk management technique where a business reduces its exposure to fluctuations, typically in currency or interest rates, through its normal operations.

Trade Accounts Receivables

Amounts owed to a business by its customers from the sale of goods or services on credit.

Danish Krones

The currency of Denmark, used as the primary means of exchange within the country.