Recording budgetary entries in a government's financial ledger helps the government set reference points for budgetary controls.

Question

Quizplus · Accepted Answer

The purpose of recording estimated revenues and appropriations is to establish reference points for budgetary controls. At any time during the year, government officials can compare the estimated revenues with actual revenues to see if the estimates are being met.

Recording Budgetary Entries in a Government's Financial Ledger Helps the Government