139k views
2 votes
The county determined it needed to prepare a budget amendment to reflect a decrease in charges for services of $100,000 and an increase in public safety expenditures of $150,000. What will be the effect of these two adjustments on the Budgetary Fund Balance account?

User Ahmed Awad
by
8.2k points

1 Answer

0 votes

Answer:

Budgetary Budgetary Fund Balance will be debited $250,000

Step-by-step explanation:

Hi, Budgetary Budgetary Fund Balance will be debited $250,000,

Expenditures are a cost for the balance ($150,000), and must be debited.

The charges for services are recorded as revenues or collections for the country, a decrease of these collection makes them a to be considered like an expenditure and be debited too. ($100,000)

So, mathematically speaking

$100,000+$150,000 =$250,000

Feel free to ask for more if needed or if you did not understand something.

User Xinrui Ma
by
7.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.