In the governmental units all of these trueabout the budget except.aThe budget is legally binding the.administrators of the governmental unit.bA budget is a legal document which isused to organize the spending of the.organization's sources.CA budget has to be legally adopted by the.legislative body of that organization.dA budget is an estimate of proposedexpenditures and the means of spending.them In approving the budget of the City of Troy, thecity council appropriated an amount less thanexpected revenues, what will be the result ofthis action.aAn increase in outstandingencumbrances by the of the fiscal year.bA credit to budgetary fund balance.CA debit to budgetary fund balance.dA necessity for compensatory offsettingaction in the debt service fund

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In the governmental units all of these true about the budget except .a The budget is legally binding the .administrators of the governmental unit .b A budget is a legal document which is used to organize the spending of the .organization's sources .C A budget has to be legally adopted by the legislative body of that organization .d A budget is an estimate of proposed expenditures and the means of spending .them

In the governmental units all of these true about the budget except .a The budget is legally binding the .administrators of the governmental unit .b A budget is a legal document which is used to organize the spending of the .organization's sources .C A budget has to be legally adopted by the legislative body of that organization .d A budget is an estimate of proposed expenditures and the means of spending .them

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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