Which of the Following Will Require a Debit to Fund

question 6

Multiple Choice

Which of the following will require a debit to Fund Balance of a governmental fund when operating statement accounts are closed at the end of the year,assuming there are no other financing sources or uses?

• A)Revenues are less than expenditures.
• B)Revenues are more than expenditures.
• C)Estimated revenues exceed revenues.
• D)Expenditures and encumbrances exceed appropriations.

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