At the beginning of the year, Govt usually books a budgetary JE
let say they budget 1000, with appropriation 800.
(DR)Estimated Revenue Control 1000
(DR)Budgetary Fund Balance -
(CR)Appropriation Control 800
(CR)Budgetary Fund Balance 200
However the actual revenue of the year is actually 900 instead of 1000
I use the following JE.
(DR)Revenue Control 900
(DR)(plug???)
(CR)Estimated Revenue Control 1000
May I know what account name of the plug? My guess is the Budgetary Fund Balance.