The Board of Commissioners of Vane City Adopted Its Budget

question 22

Multiple Choice

The Board of Commissioners of Vane City adopted its budget for the year ending July 31,comprising estimated revenues of $30,000,000 and appropriations of $29,000,000.Vane formally integrates its budget into the accounting records.What entry should be made for budgeted revenues?

• A) Memorandum entry only.
• B) Debit ESTIMATED REVENUES CONTROL, $30,000,000.
• C) Debit ESTIMATED REVENUES RECEIVABLE CONTROL, $30,000,000.
• D) Credit ESTIMATED REVENUES CONTROL, $30,000,000.

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Definitions:

Electromagnetic Wave Energy

A form of energy that is propagated through space or a physical medium in the form of electromagnetic waves, such as light or radio waves.

Sensation

The process by which sensory receptors perceive stimuli from the environment, leading to immediate and basic experiences.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Primary Odours

Fundamental categories of smell that are universally recognized, such as fruity, floral, spicy, or putrid, believed to be the building blocks of all scent experiences.