Multiple Choice
Liabilities incurred,such as for accrued payroll,but still unpaid at year-end,should be recorded in the General Fund by a debit to which one of the following accounts?
A) Salary Expense.
B) Appropriations Control.
C) Encumbrances Control.
D) Expenditures Control.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Which of the following is true regarding
Q33: A common use of special revenue funds
Q34: The journal entry to record the re-establishment
Q36: What would be the effect on the
Q38: Interfund services provided and used are recognized
Q40: The Debt Service Fund would record the
Q57: When recording property taxes, the estimated uncollectible
Q77: Which of the following is not likely
Q104: Transactions between funds of the same government
Q114: Under the modified accrual basis of accounting,GASB