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Staples Advantage is a type of b2b (business-to-business) procurement division that provides office products and services for consumers. This division of STAPLES Inc. is the one responsible for charging and providing buyers with the ideal buying experience only retained for rightful customers.
Answer: a. The account is closed to fund balance-unassigned at the end of the year.
Explanation:
The Unassigned fund balance is the amount left in the Government's general fund that was not assigned to any undertaking or funds during the year. This balance is as well not restricted or committed to any undertaking.
It will therefore be debited to close off the account at the end of the period not unlike a balance carried down in a ledger account that is used to close off the account and is then sent forward to the next period.
