The estimated revenues control account of Metro City's general fund is created when

Question

Quizplus · Accepted Answer

The estimated revenues control account of Metro City's general fund is created when the city's tax receipts are measurable and available. This account is used to track and control the estimated revenues of the city, and is typically updated periodically as more information on tax receipts becomes available. The other options presented (B, C, and D) are not correct, as they do not relate directly to the creation of the estimated revenues control account. While the budget and encumbrances may be used in conjunction with this account, they are not the primary drivers of its creation. Likewise, levying taxes and mailing bills are important steps in the collection of revenue, but they do not necessarily lead to the creation of the control account itself.

The Estimated Revenues Control Account of Metro City's General Fund