Multiple Choice
When liabilities authorized by an appropriation have been incurred, the appropriation is said to be…
A) Encumbered
B) Expired
C) Expended
D) Expensed
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q33: The term, Fund Balance, is used to
Q34: The modified accrual basis is a distinct
Q35: Modified accrual accounting is essentially equivalent to
Q36: Which of the following is not one
Q37: According to the GASB, which of the
Q39: An appropriations budget is authorization for administrators
Q40: An example of expenditure classification by object
Q41: Revenues, but not expenses, are recorded the
Q42: Net resources of a governmental fund represented
Q43: Wages that have been earned by the