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A certain government passed its budget for the fiscal year ended December 31, 2014. Estimated Revenues amounted to $13,000,000; Appropriations amounted to $11,900,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000. In the budgetary entry (combining entry): Budgetary Fund Balance would be credited for $3,200,000. Budgetary Fund Balance would be credited for $600,000. Budgetary Fund Balance would be debited for $3,200,000. Budgetary Fund Balance would be credited for $1,600,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9957017

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