Accounting for Governmental & Nonprofit Entities
Accounting for Governmental & Nonprofit Entities
17th Edition
ISBN: 9780078025822
Author: Jacqueline L. Reck James E. Rooks Distinguished Professor, Suzanne Lowensohn, Earl R Wilson
Publisher: McGraw-Hill Education
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Chapter 3, Problem 23EP

a.

To determine

Identify the original approved budget amount for estimated revenues and appropriations by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.

b.1.

To determine

Identify whether the budget adjusted during the year by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.

b.2.

To determine

State the accounts that were adjusted and also specify the amount for which the accounts were adjusted.

b.3.

To determine

Identify whether the total value of the Budgetary Fund balance has increased decreased or remains neutral during the first fiscal quarter.

c.1.

To determine

Identify the current balances of the Estimated Revenues and Appropriations control accounts by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.

c.2.

To determine

Ascertain the current balances of the Revenues and Expenditures control accounts.

c.3.

To determine

State the reason obtained from the balances indicated.

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What is Budgeting? | Budgetary control | Advantages & Limitations of Budgeting; Author: Educationleaves;https://www.youtube.com/watch?v=INnPo0QPXf4;License: Standard youtube license