At the end of the 2020 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2021. In 2021 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2021 expenditure?
A) $0.
B) $20.
C) $500.
D) $520.

Question

Quizplus · Accepted Answer

The Answer of At the end of the 2020 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2021. In 2021 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2021 expenditure?
A) $0.
B) $20.
C) $500.
D) $520.

At the End of the 2020 Fiscal Year the General