Choice "C" is correct. The estimated revenues control account is eliminated when the budgetary accounts are closed.Choice "d" is incorrect. The estimated revenues control account is created when the budget is recorded.Choice "b" is incorrect. Appropriations (budgeted expenditures) are a separate control account from the estimated revenues control account.Choice "a" is incorrect. When property taxes are recorded, the actual revenue account is increased and there is no effect on the estimated revenues control account. Budgetary accounts are altered only when there is an approved change in the budget.
