ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.

18th Edition

ISBN: 9781260949766

Author: RECK

Publisher: MCG

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Textbook Question

Chapter 3, Problem 16.3EP

Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year?

a. Expenditures.
b. Revenues.
c. Encumbrances.
d. Other financing sources.

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Chapter 3, Problem 16.2EP

Chapter 3, Problem 16.4EP

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Chapter 3 Solutions

ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.

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Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year? a. Expenditures. b. Revenues. c. Encumbrances. d. Other financing sources.

Solution Summary: The author explains that a control account that controls appropriation of the general fund neither increases nor decreases the fund balance during the fiscal year.

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Chapter 3 Solutions