Which Line Item Would Not Properly Appear in the Closing

question 15

Multiple Choice

Which line item would not properly appear in the closing entry of a governmental fund?

• A)expenditures-public safety salaries
• B)expenditures-debt service
• C)fund balance
• D)expenditures-depreciation

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Definitions:

Descriptive Statistics

Statistics used to summarize and describe a set of data for a variable.

Inferential Statistics

A branch of statistics that allows for making predictions or inferences about a population based on a sample.

Infinite Number

A quantity without bound or end, often used in mathematics to describe sizes or quantities larger than any natural number.

Mathematical Formula

A concise way of expressing information symbolically or a rule for calculating numerical values based on certain mathematical operations.