If invoices for items purchased total $200,000,and related purchase orders total $185,000,which of the following is correct?
A) An encumbrance is debited for $200,000.
B) Budgetary Fund Balance -- Reserve for Encumbrances is credited for $200,000.
C) An expenditure is credited for $185,000.
D) A liability is credited for $200,000.
Correct Answer:
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