Solved

The General Ledger Journal Entry in the General Fund to Record

Question 61

Multiple Choice

The general ledger journal entry in the General Fund to record encumbrances for the issuance of purchase orders would include:


A) A credit to Encumbrance Control
B) A credit to Budgetary Fund Balance-Reserve for Encumbrances
C) A debit to Expenditures Control
D) A credit to Accounts Payable

Correct Answer:

verifed

Verified

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

Related Questions