Credit to fund balance of a governmental fund


Which of the following will require a credit to Fund Balance of a governmental fund when closing entries are prepared?

A) Revenues exceed Reserve for Encumbrances.

B) Estimated Revenues exceed Appropriations.

C) Estimated Revenues exceed Fund Balance.

D) Appropriations exceed Estimated Revenues.

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Accounting Basics: Credit to fund balance of a governmental fund
Reference No:- TGS093024

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