The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1, 20X9: When the general fund records its operating budget on July 1, 20X9, Budgetary Fund Balance-Unassigned should be
A) credited for $600,000.
B) debited for $900,000.
C) debited for $600,000.
D) credited for $900,000.

Question

The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1, 20X9:  When the general fund records its operating budget on July 1, 20X9, Budgetary Fund Balance-Unassigned should be
A) credited for $600,000. 
B) debited for $900,000. 
C) debited for $600,000. 
D) credited for $900,000.

Quizplus · Accepted Answer

The Answer of The general fund of Caldwell had the following operating budget for the fiscal year beginning July 1, 20X9:  When the general fund records its operating budget on July 1, 20X9, Budgetary Fund Balance-Unassigned should be
A) credited for $600,000. 
B) debited for $900,000. 
C) debited for $600,000. 
D) credited for $900,000.

The General Fund of Caldwell Had the Following Operating Budget