Assuming There Is a Budget Surplus,which of the Following Accounts

question 28

Multiple Choice

Assuming there is a budget surplus,which of the following accounts are credited when the general fund records its operating budget at the beginning of the year?

• A)Appropriations Control and Budgetary Fund Balance-Unassigned.
• B)Estimated Revenues Control and Estimated Residual Equity Transfer Out.
• C)Budgetary Fund Balance-Assigned For Encumbrances and Expenditures.
• D)Estimated Residual Equity Transfer Out and Estimated Transfer In.

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Definitions:

Intermediate Steps

Actions or stages occurring between the initial and final phases of a process or sequence of events.

Heuristic

A approach to problem-solving that employs a practical method not guaranteed to be optimal or perfect, but sufficient for the immediate goals.

Lexical Analysis

The process of converting a sequence of characters into a sequence of tokens, often a preliminary step in the compilation or interpretation of programming languages.

Transformation

A thorough or dramatic change in form, appearance, or character.