The entry to close appropriations, expenditures, and encumbrances accounts includes a debit to:
A) Appropriations.
B) Expenditures.
C) Encumbrances.
D) both Appropriations and Encumbrances.
Correct Answer:
Verified
Q2: The two basic statements prepared for expendable
Q3: The reserve for encumbrances account is properly
Q4: The "reserve for encumbrances-prior year" account represents
Q5: Which type of fund entities are used
Q6: What journal entry should be made at
Q7: Which of the following requires the use
Q8: Customers' meter deposits which cannot be spent
Q9: Governmental units include all of the following
Q10: When budgeted expenditures are enacted into law,
Q11: The expendable fund entity's measurement focus is
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