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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    When a Liability Is Incurred as Authorized by an Appropriation,the
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When a Liability Is Incurred as Authorized by an Appropriation,the

Question 26

Question 26

Multiple Choice

When a liability is incurred as authorized by an appropriation,the appropriation is said to be:


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

Correct Answer:

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