If the unexpended balance is unfunded (no bonds issued nor funds provided) and the remaining balance of the Ordinance is canceled, the credit would be to Deferred Charges to Future Taxation - Unfunded.

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Prepare for the Rutgers Municipal Capital and Trust Fund Accounting Test. Use our study guide with flashcards and multiple choice questions. Each question provides hints and explanations for clearer understanding. Ensure your success on the test with our comprehensive resources!

Multiple Choice

If the unexpended balance is unfunded (no bonds issued nor funds provided) and the remaining balance of the Ordinance is canceled, the credit would be to Deferred Charges to Future Taxation - Unfunded.

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