The budgetary accounts required by gasb standards

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Reference no: EM13254781

The County Commission of Brook County adopted its General Fund budget for the year ending June 30, comprising estimated revenues of $3,200,000 and appropriations of $2,900,000. Brook County utilizes the budgetary accounts required by GASB standards.

67. The journal entry to record budgeted revenues will include

A. A debit to Revenues Receivable, $3,200,000.
B. A credit to Estimated Revenues, $3,200,000.
C. A debit to Estimated Revenues, $3,200,000.
D. None of the above; only a memorandum entry is necessary.

Reference no: EM13254781

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