If the Budgetary fund balance account was debited when the budget was recorded in the City of Mustangville's General Fund,then
A)appropriations exceed estimated revenues
B)actual expenditures exceed appropriations
C)estimated revenues exceed appropriations
D)appropriations exceed actual revenues

Question

Quizplus · Accepted Answer

When the Budgetary fund balance account is debited, it means that appropriations exceed estimated revenues. This is because the budgetary fund balance account is used to record the excess of appropriations over estimated revenues.

If the Budgetary Fund Balance Account Was Debited When the Budget