Anticipated transfers to other funds


Prepare budgetary entries, using general ledger accounts only, for each of the following unrelated situations:.

a. Anticipated revenues are $10 million; anticipated expenditures and en cumbrances are $9.8 million.

b. Anticipated revenues are $9.8 million; anticipated expenditures and en cumbrances are $10 million.

c. Anticipated revenues are $10 million; anticipated transfers from other funds are $1.3 million; anticipated expenditures and

d. encumbrances are $9.8 million; anticipated transfers to other funds are $1.2 million.

e  Anticipated revenues are $9.8 million; anticipated transfers from other funds are $1.2 million; anticipated expenditures and encumbrances are $10 million; anticipated transfers to other funds are??

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Accounting Basics: Anticipated transfers to other funds
Reference No:- TGS058157

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