The fund balance category that must be zero if unassigned fund balance is a deficit is a.

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The fund balance category that must be zero if unassigned fund balance is a deficit is

a. assigned fund balance.

b. committed fund balance.

c. nonspendable fund balance.

d. restricted fund balance.

e. All of the above must be zero if unassigned fund balance is negative.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:00 AM

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The fund balance category that must be zero if unassigned fund balance is a deficit is a.

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If unassigned fund balance is negative or deficit only one fund balance category must also equal zer...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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