Multiple Choice
_____ The Appropriations account of a governmental unit is credited when
A) Supplies are purchased.
B) Expenditures are recorded.
C) The budget is recorded.
D) The budgetary accounts are closed.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: Under the modified accrual basis of accounting,
Q56: Proprietary funds can have revenues only from
Q57: The Fund Balance-Reserved for Encumbrances account is
Q58: Depreciation expense is never reported in the
Q59: For governmental funds, capital maintenance is measured
Q61: The measurement focus for governmental funds is
Q62: Capital Projects Funds are a type of
Q63: Depreciation expense is reported in the operating
Q64: When the budget is recorded in the
Q65: Interfund transfers are reported in the Statement