Which accounts described below would have non-zero balances after the accounts are closed in the general fund of a state or local government?
I.Estimated Revenues Control.
II.Appropriations Control.
III.Budgetary Fund Balance Unreserved.
IV.Deferred Revenue.
V.Due to Internal Service Fund.
VI.Fund Balance-Reserved for Inventories.
A)I,II,III.
B)I,II,IV.
C)IV,V,VI.
D)III,IV,V.

Question

Quizplus · Accepted Answer

The Answer is C

Which Accounts Described Below Would Have Non-Zero Balances After the Accounts