_____ Which of the following accounts of a governmental unit is credited when the budget is recorded?
A) Encumbrances.
B) Budgetary Fund Balance Reserved for Encumbrances.
C) Estimated Revenues.
D) Appropriations.
E) None of the above.

Question

_____	Which of the following accounts of a governmental unit is credited when the budget is recorded?
A) Encumbrances.
B) Budgetary Fund Balance Reserved for Encumbrances.
C) Estimated Revenues.
D) Appropriations.
E) None of the above.

Quizplus · Accepted Answer

When a governmental unit records its budget, appropriations are credited to reflect the legal authorization to incur obligations and make expenditures for specific purposes.

_____ Which of the Following Accounts of a Governmental Unit Is