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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 20, 2014



Title: If the fund balance of a Special Revenue Fund has a debit balance at the end of
Post by: goji.go on Oct 20, 2014
If the fund balance of a Special Revenue Fund has a debit balance at the end of the fiscal year, it means that
      a.   revenues are less than expenditures for the year
      b.   actual revenues are less than estimated revenues
      c.   total liabilities exceed total assets
      d.   expenditures consistently exceeded encumbrances


Title: Re: If the fund balance of a Special Revenue Fund has a debit balance at the end of
Post by: f_zah1 on Oct 23, 2014
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Title: Re: If the fund balance of a Special Revenue Fund has a debit balance at the end of
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: If the fund balance of a Special Revenue Fund has a debit balance at the end of
Post by: f_zah1 on Oct 23, 2014
You're very welcome!