Note: This is a Kaplan CPA Review Question
The Board of Commissioners of the City of Rockton adopted its budget for the year ending July 31, 20X2, which indicated revenues of $1,000,000 and appropriations of $900,000. If the budget is formally integrated into the accounting records, what is the required journal entry?
A) Option A
B) Option B
C) Option C
D) Option D

Question

Note: This is a Kaplan CPA Review Question
The Board of Commissioners of the City of Rockton adopted its budget for the year ending July 31, 20X2, which indicated revenues of $1,000,000 and appropriations of $900,000. If the budget is formally integrated into the accounting records, what is the required journal entry? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

The Answer of Note: This is a Kaplan CPA Review Question
The Board of Commissioners of the City of Rockton adopted its budget for the year ending July 31, 20X2, which indicated revenues of $1,000,000 and appropriations of $900,000. If the budget is formally integrated into the accounting records, what is the required journal entry? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Note: This Is a Kaplan CPA Review Question