Liabilities incurred,such as for accrued payroll,but still unpaid at year-end,should be recorded in the General Fund by a debit to which of the following accounts?
A)Appropriations.
B)Encumbrances.
C)Expenses.
D)Expenditures.

Question

Quizplus · Accepted Answer

Liabilities for accrued payroll represent expenditures made but not yet paid at year-end. Therefore, they should be recorded as expenditures in the General Fund. Appropriations authorize expenditures, encumbrances reserve funds for specific purposes, and expenses reflect actual outflows of resources.

Liabilities Incurred,such as for Accrued Payroll,but Still Unpaid at Year-End,should