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4 April, 10:56

Who may impose constraints for the use of a committed fund balance?

A. The government's highest level of decision-making authority

B. Creditors or bondholders

C. A majority vote of the finance committee

D. Any government official

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Answers (1)
  1. 4 April, 13:55
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    A. The government's highest level of decision making authority

    Explanation:

    Committed fund balance is a component of governmental fund on which a self-imposed limitations has been set in place for a particular period of usage example Scholarship Tuition funds. This Limitation can only be imposed at the highest level of decision making and it requires formal action at the same level to remove
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