Question: 3. INSTRUCTIONS Use the information below to answer the following question Errors have been made in a general fund during a certain fiscal year. Use

 3. INSTRUCTIONS Use the information below to answer the following question

3. INSTRUCTIONS Use the information below to answer the following question Errors have been made in a general fund during a certain fiscal year. Use the key below to indicate whether the error described would result in a fund balance being KEY 1. Overstated 2. Understated 3. Not affected The petty cash account (revolving cash, imprest fund) was not reimbursed for all expenditures at year end 2

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