In the appropriations budget for general government for 2018, the final budgeted amount of $4,951,026 exceeded the
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Question:
In the appropriations budget for general government for 2018, the final budgeted amount of $4,951,026 exceeded the original budgeted amount of $4,950,000 by $1,026. The difference of $1,026 is the net amount that resulted from a budget revision and a budget interchange. Answer the following questions:
(A) What is the amount of the interchange and the line items that were affected?
(B) What is the amount of the budget revision and the line item affected?
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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