Which of the following accounts used in state and local government accounting is most like the federal budgetary account "Undelivered Orders"?
A) Reserve for Encumbrance.
B) Expenditures.
C) Appropriations.
D) Encumbrances.

Question

Quizplus · Accepted Answer

Encumbrances in state and local government accounting are similar to Undelivered Orders in federal budgetary accounting as they represent purchase orders or contracts for goods and services that have been requested but not yet fulfilled. Both accounts represent commitments for future expenditures.

Which of the Following Accounts Used in State and Local