When materials that were ordered for a capital projects fund for use on a construction project are received but the invoice has not yet been paid,what account is debited?

Question

Quizplus · Accepted Answer

When materials are received but the invoice has not been paid, it means that the construction expenditure has already occurred, therefore the Construction Expenditures account should be debited. The other options (Encumbrances, Appropriations, and Vouchers Payable) are all relevant to the budgeting and ordering process, but not to the actual expenditure of funds.

When Materials That Were Ordered for a Capital Projects Fund