Which of the Following Represents the Recording of a Budget

question 20

Multiple Choice

Which of the following represents the recording of a budget in the accounts of the General Fund?

• A)Debit Appropriations,Credit Estimated Revenues and Credit Fund Balance - Unassigned
• B)Debit Appropriations,Credit Estimated Revenues
• C)Debit Estimated Revenues,Credit Appropriations,Credit Estimated Other Financing Uses,Credit Fund Balance - Unassigned
• D)Debit Estimated Other Financing Uses,Credit Appropriations and Credit Fund Balance - Unassigned

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Definitions:

Nobel Prize-winning Economist

An economist who has been awarded the Nobel Prize in Economic Sciences for their contributions to understanding and advancements in economics.

Industrial Products

Goods produced and used in industrial processes, such as machinery, equipment, and raw materials.

Consumer Products

Goods sold directly to the end consumer for personal use, as opposed to being sold for further production or processing.

Detrimental Effects

Negative impacts or outcomes that result from a particular action or set of conditions.