F8, F9 MCQs Flashcards
1
Q
A $10,000,000 budgeted excess of revenues over appropriates should be
A
Credited to budgetary control
2
Q
__________ funds account for assets that have been internally designated by the institution for a specific purpose.
A
Quasi-endowment. These would be displayed as unrestricted net assets on externally published financial statements.
