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    Essentials of Accounting Study Set 2
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
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    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 45

Question 45

Multiple Choice

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


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

Correct Answer:

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