Note: This is a Kaplan CPA Review Question
A budgetary fund balance - assigned in excess of a balance of encumbrances indicates
A) A recording error.
B) An excess of vouchers payable over encumbrances.
C) An excess of purchase orders over invoices received.
D) An excess of appropriations over encumbrances.

Question

Quizplus · Accepted Answer

The Answer of Note: This is a Kaplan CPA Review Question
A budgetary fund balance - assigned in excess of a balance of encumbrances indicates
A) A recording error.
B) An excess of vouchers payable over encumbrances.
C) An excess of purchase orders over invoices received.
D) An excess of appropriations over encumbrances.

Note: This Is a Kaplan CPA Review Question