menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    The Journal Entry to Record a Purchase Order in the General
Solved

The Journal Entry to Record a Purchase Order in the General

Question 94

Question 94

True/False

The journal entry to record a purchase order in the General Fund would be a debit to encumbrances control account and credit Accounts Payable

Correct Answer:

verifed

Verified

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

Related Questions

Q7: Examples of budgetary accounts include Estimated Revenues,

Q24: The purpose of an encumbrance is to

Q27: GASB requires a reconciliation between the amount

Q33: The term, Fund Balance, is used to

Q44: The only difference between modified accrual accounting

Q75: When purchase orders are filled and the

Q79: Governments may create special revenue funds whenever

Q90: The Village of Lake George's General Fund

Q96: Appropriation is the legal authorization for administrators

Q112: A Fair Exchange transaction is one in

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