When recording an approved budget into the accounts of the general fund,which of the following accounts would be credited?

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When recording an approved budget into the accounts of the general fund, the appropriations account would be credited. This is because appropriations represent the amount of money that the organization is authorized to spend during a particular period, so the credit to the appropriations account reflects the budgeted amount available for spending. Encumbrances are used to reserve funds for a specific purpose, estimated revenues are debited to reflect the expectation of income, and revenue collected in advance is credited when funds are received prior to the delivery of goods or services. None of these accounts would be appropriate for recording the approved budget.

When Recording an Approved Budget into the Accounts of the General