Expenditures: Each governmental fund maintains its own revenue and expenditure account and asset and liability account. The decrease in net financial resources available under the current financial resources measurement focus is referred to as expenditures . The governmental unit makes expenditures in accordance with the budget established. To explain: The schedule showing the amount of expenditures that B’s general funds should report.

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Chapter 17, Problem 17.9E

To determine

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Expenditures: Each governmental fund maintains its own revenue and expenditure account and asset and liability account. The decrease in net financial resources available under the current financial resources measurement focus is referred to as expenditures . The governmental unit makes expenditures in accordance with the budget established.

To explain: The schedule showing the amount of expenditures that B’s general funds should report.

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