Which of the following neither increases nor decreases fund balance of the General Fund during the current period?
A) Deferred revenues.
B) Revenues.
C) Expenditures.
D) Other financing sources.

Question

Quizplus · Accepted Answer

Deferred revenues do not affect the fund balance of the General Fund during the current period because they represent collections that have been received in advance for goods or services that have not yet been provided. These revenues will be recognized as revenue in future periods when the goods or services are provided, not in the current period.

Which of the Following Neither Increases nor Decreases Fund Balance