Which of the following accounts is a budgetary account of a governmental fund?
A) Encumbrances.
B) Appropriations.
C) Expenditures.
D) Other Financing Sources.

Question

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Appropriations are budgetary accounts of a governmental fund, as they represent the authorized amount of money set aside for specific purposes during a given fiscal period. Encumbrances represent the amount committed for goods or services that have not yet been received or paid for, while expenditures represent the actual outflow of funds for goods and services received. Other Financing Sources are non-budgetary accounts that include transfers in or out of a fund and other non-operating revenues and expenses.

Which of the Following Accounts Is a Budgetary Account of a Governmental