Multiple Choice
A city ordered uniforms with an expected cost of $6,000 for policemen. The credit required to record this transaction is
A) Appropriations.
B) Encumbrances.
C) Vouchers payable.
D) Encumbrances Outstanding.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q25: A governmental fund budgetary comparison statement or
Q26: The Town of Red Herring issued $60,000
Q27: A city ordered uniforms with an expected
Q28: Which of the following amounts are included
Q29: Which of the statements regarding the accounting
Q31: The following information pertains to the
Q32: Managers may ration expenditure authority into either
Q33: Which of the following statements regarding revenue
Q34: The most widely used approach to budgeting
Q35: Legal authority to expend resources is adopted