The journal entry to set up an ordinance which is fully funded from the Capital Improvement Fund would include a credit to the account entitled 'Estimated Proceeds of Bonds and Notes Authorized but not issued.'

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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!

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The journal entry to set up an ordinance which is fully funded from the Capital Improvement Fund would include a credit to the account entitled 'Estimated Proceeds of Bonds and Notes Authorized but not issued.'

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