The Appropriations account of a governmental fund is credited when:
A) The budgetary accounts are closed.
B) The budget is recorded.
C) Supplies are purchased.
D) Expenditures are recorded.

Question

Quizplus · Accepted Answer

The Appropriations account of a governmental fund is credited when the budget is recorded, as this represents the authorization to incur liabilities or make expenditures for specific purposes.

The Appropriations Account of a Governmental Fund Is Credited When