Concept explainers
a.
Identify the original approved budget amount for estimated revenues and appropriations by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.
b.1.
Identify whether the budget adjusted during the year by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.
b.2.
State the accounts that were adjusted and also specify the amount for which the accounts were adjusted.
b.3.
Identify whether the total value of the Budgetary Fund balance has increased decreased or remains neutral during the first fiscal quarter.
c.1.
Identify the current balances of the Estimated Revenues and Appropriations control accounts by assuming that the given printout is correct in all details and that there are no other General Fund revenue or expenditure transactions.
c.2.
Ascertain the current balances of the Revenues and Expenditures control accounts.
c.3.
State the reason obtained from the balances indicated.
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