The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1,20X9:

When the general fund records its operating budget on July 1,20X9,Budgetary Fund Balance-Unassigned should be
A)credited for $600,000.
B)debited for $900,000.
C)debited for $600,000.
D)credited for $900,000.

Question

The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1,20X9:

When the general fund records its operating budget on July 1,20X9,Budgetary Fund Balance-Unassigned should be
A)credited for $600,000. 
B)debited for $900,000. 
C)debited for $600,000. 
D)credited for $900,000.

Quizplus · Accepted Answer

The Answer of The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1,20X9:

When the general fund records its operating budget on July 1,20X9,Budgetary Fund Balance-Unassigned should be
A)credited for $600,000. 
B)debited for $900,000. 
C)debited for $600,000. 
D)credited for $900,000.

The General Fund of Caldwell Had the Following Operating Budget