Choice "B" is correct. Revenues are credited and Property Taxes Receivable are debited when taxpayers are billed for property taxes. Note that the revenues are recorded net of estimated uncollectibles.Choice "d" is incorrect. Appropriations are credited when the budget is recorded at the beginning of the budget year.Choice "c" is incorrect. Taxes receivable-current are credited when cash is received.Choice "a" is incorrect. Estimated revenues are credited at fiscal year-end when the estimated revenues and appropriations are closed.
