The Water Enterprise Fund customers are billed on a monthly basis. As of the end of the fiscal year, water valued at $3,956,000 was sold. The accounts receivable for the fund was $256,000 at the beginning of the year and was $326,000 at the end of the year. Given these facts, the revenue in the Water Enterprise Fund should be

Question

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The revenue in the Water Enterprise Fund should be $3,956,000, which is the value of water sold during the fiscal year. The changes in accounts receivable are not relevant to the calculation of revenue, which is based on the amount of water sold.

The Water Enterprise Fund Customers Are Billed on a Monthly