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22 May, 08:40

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?

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  1. 22 May, 12:28
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    Budgetary Budgetary Fund Balance will be debited $250,000

    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.
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