A certain government passed its budget for the fiscal year ended December 31,2014.Estimated Revenues amounted to $13,000,000; Appropriations amounted to $11,900,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000.In the budgetary entry (combining entry):

Question

Quizplus · Accepted Answer

The budgetary fund balance is credited for the difference between estimated revenues and appropriations plus net other financing sources/uses: $13,000,000 - $11,900,000 + ($200,000 - $700,000) = $600,000.

A Certain Government Passed Its Budget for the Fiscal Year