Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end)?
A) I, II, III, VI.
B) I, II, IV.
C) I, IV, V, VI.
D) III, IV, V.

Question

Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end)? 
A) I, II, III, VI. 
B) I, II, IV. 
C) I, IV, V, VI. 
D) III, IV, V.

Quizplus · Accepted Answer

The Answer of Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end)? 
A) I, II, III, VI. 
B) I, II, IV. 
C) I, IV, V, VI. 
D) III, IV, V.

Which of the Following Accounts Are Debited When Closing Entries