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When Supplies Ordered for Use in an Activity Accounted for in the General

Question 121

Multiple Choice

When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order,the Encumbrance Control account is:


A) debited for the estimated price on the purchase order.
B) credited for the estimated price on the purchase order.
C) debited for the actual price for the supplies received.
D) credited for the actual price of the supplies received.

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