Multiple Choice
Which of the following accounts of a governmental unit's General fund is debited when supplies previously ordered are received?
A) Encumbrances Control.
B) Reserve for Supplies.
C) Budgetary Fund Balance -- Reserve for Encumbrances.
D) Appropriations.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The initial transfer of cash from the
Q2: Only the General Fund may have a
Q3: When payrolls and other liabilities are incurred
Q5: Interfund services purchased by the General Fund
Q6: When the materials and supplies are received
Q7: Transactions between funds of the same government
Q8: The term special item is defined as:<br>A)
Q9: A transfer should be reported in the
Q10: Governmental fund financial statements are prepared using
Q11: When establishing funds, governments should attempt to