question archive Which of the following terms refers to a budgetary account, rather than actual account a
Which of the following terms refers to a budgetary account, rather than actual account a
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Which of the following terms refers to a budgetary account, rather than actual account
a.
Unreserved Fund Balance
b.
Revenue
c.
Estimated revenue
d.
Expenditure
Q16:
Which of the following results in unfavorable variance:
a.
Appropriations exceeds expenditures
b.
Revenues exceeds Estimated revenues
c.
Expenditures exceeds appropriations
d.
Estimated revenues exceeds appropriations
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15. c. Estimated revenue
Explanation: Budgetary accounts are integrated in fund ledgers for all budgeted funds and estimated revenue, estimated expenditure are example of budgetary accounts.
16. c.Expenditures exceeds appropriations
