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  3. Study Set
    Essentials of Accounting
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    When Liabilities Authorized by an Appropriation Have Been Incurred,the Appropriation
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When Liabilities Authorized by an Appropriation Have Been Incurred,the Appropriation

Question 116

Question 116

Multiple Choice

When liabilities authorized by an appropriation have been incurred,the appropriation is said to be…


A) Expensed
B) Encumbered
C) Expired
D) Expended

Correct Answer:

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