menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 24: Governmental Accounting: Basic Principles and the General Fund
  5. Question
    _____ the Expenditures Account of a Governmental Unit Is Credited When
Solved

_____ the Expenditures Account of a Governmental Unit Is Credited When

Question 115

Question 115

Multiple Choice

_____ The Expenditures account of a governmental unit is credited when


A) The budgetary and nonbudgetary accounts are closed.
B) The budget is recorded.
C) Supplies are purchased.
D) Supplies previously encumbered are received.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q110: Private Purpose Trust Funds are a type

Q111: When an encumbrance outstanding at year-end lapses,

Q112: The two types of fiduciary funds are

Q113: For governmental funds, the _ basis of

Q114: The Fund Balance-Reserved for Encumbrances account can

Q116: For "governmental" funds, an item is susceptible

Q117: The operating statement for proprietary funds closely

Q118: The entry to remove the budgetary accounts

Q119: Under the GASB codification, encumbrances outstanding at

Q120: Pension Funds are a type of Agency

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines