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To record the budget for the General Fund: Multiple Choice Revenue Control is Debited. Appropriations Control...

To record the budget for the General Fund:

Multiple Choice

  • Revenue Control is Debited.

  • Appropriations Control is Debited.

  • Estimated Revenue Control is Debited.

  • Expenditure Control is Debited.

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Answer #1

Solution

Answer: Expenditure Control is Debited

Explanation:

Expenditures are debited so that a schedule to compare Appropriations (credits) to Expenditures (debits) results in reporting whether appropriations are under or over spent.

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