Which of the following is NOT a budgetary account?
A) Appropriations
B) Estimated Revenues
C) Encumbrances
D) Reserve for Encumbrances

Question

Quizplus · Accepted Answer

Reserve for Encumbrances is not a budgetary account; it is a balance sheet account used to indicate the portion of fund balance or net position that is not available for appropriation. Appropriations, Estimated Revenues, and Encumbrances are all budgetary accounts involved in the budgeting process of governmental accounting.

Which of the Following Is NOT a Budgetary Account