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Budgetary comparison statement.this problem is based on the information about the Murphy county general fund budgeted and actual transactions and...
P3-3...Budgetary comparison statement...this problem is based on the information about the Murphy county general fund budgeted and actual transactions and events described in problem 3-2
REQUIRED:..Helpme to get a budgetary comparison statement for the Genral fund of murphy county for the 20x8 fiscal year. The statement should present reveneue (by source category) , expenditures and encumbrances (by function) and the excess revenues over (under) expenditures and encumbrances. Please Use these column headings;
Original budget
Revised budget
actual
variance - over (under)
To assume that no encumbrances were oustanding at the beginning of 20x8
2.Since encumbrances do not constitutes expenditures, some governmental fund budgetary comparison statements omit data on encumbrances. (a) if no encumbrances were outstanding at the beginning of 20x8, what effects would ommision of encumbrances data have on the Murphy county general fund budgetary comparison statement for the 20x8 fiscal year?
(b) and to what circumsytances would includung or excluding encumbrances data mislead users of a governmental fund budgetary comparison statement?
