If the fund balance of a Special Revenue Fund has a debit balance at the end of the fiscal year,it means that
A)revenues are less than expenditures for the year
B)actual revenues are less than estimated revenues
C)total liabilities exceed total assets
D)expenditures consistently exceeded encumbrances

Question

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The Answer of If the fund balance of a Special Revenue Fund has a debit balance at the end of the fiscal year,it means that
A)revenues are less than expenditures for the year
B)actual revenues are less than estimated revenues
C)total liabilities exceed total assets
D)expenditures consistently exceeded encumbrances

If the Fund Balance of a Special Revenue Fund Has