A certain government passed its budget for the fiscal year ended December 31, 2009. Estimated Revenues amounted to $13,000,000; Appropriations amounted to $11,900,000; Estimated Other Financing Uses amounted to $800,000; and Estimated Other Financing Sources amounted to $100,000. In the budgetary entry (combining entry):

Question

Quizplus · Accepted Answer

The Budgetary Fund Balance would be credited for $400,000 because the total estimated revenues and other financing sources ($13,100,000) exceed the total appropriations and other financing uses ($12,700,000) by $400,000.

A Certain Government Passed Its Budget for the Fiscal Year