Which of the following accounts is a budgetary account of a governmental fund?
A) Encumbrances Outstanding.
B) Appropriations.
C) Expenditures.
D) Other Financing Sources.

Name: Which of the following accounts is a budgetary account of a governmental fund? A) Encumbrances Outstanding. B) Appropriations. C) Expenditures. D) Other Financing Sources.
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Question

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Appropriations are budgetary accounts that identify the legal level of the government’s power to spend money in a governmental fund.

Which of the Following Accounts Is a Budgetary Account of a Governmental