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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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    At Year-End,the Balance of Expenditures and Encumbrances Accounts Are Closed
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At Year-End,the Balance of Expenditures and Encumbrances Accounts Are Closed

Question 42

Question 42

Multiple Choice

At year-end,the balance of Expenditures and Encumbrances accounts are closed to:


A) Budgetary Fund Balance
B) Expenses
C) Expenditure Control
D) Fund Balance

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