What does a credit balance in the fund balance accounts at


For a General Fund or a Special Revenue Fund, what does a credit balance in the fund balance account(s) at the end of the year signify? What does a debit balance signify? 

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What does a credit balance in the fund balance accounts at
Reference No:- TGS01154324

Now Priced at $15 (50% Discount)

Recommended (92%)

Rated (4.4/5)