The Village of Titus borrows money using a tax anticipation note.The proceeds from the borrowing are deposited in the General Fund.When the note is repaid,a debit will be made in the General Fund to:
A) tax anticipation notes payable
B) expenses-tax anticipation note
C) expenditures-tax anticipation note
D) cash
Correct Answer:
Verified
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Q4: Expenditures of a city or county's governmental
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A)budgetary fund balance
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