Problem

Which of the following statements is true concerning the recording of a budget?a. At the b...

Which of the following statements is true concerning the recording of a budget?

a. At the beginning of the year, debit Appropriations.

b. A debit to the Budgetary Fund Balance account indicates an expected surplus.

c. At the beginning of the year, debit Estimated Revenues.

d. At the end of the year, credit Appropriations.

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