The general fund of Wold Township ordered office furniture for the mayor's office on August 1,2008.The office furniture was estimated to cost $12,000.The office furniture was received on September 1,2008,with the actual cost being $11,800.Which of the following accounts decreased on September 1,2008?
A) Encumbrances only.
B) Expenditures only.
C) Encumbrances and Budgetary Fund Balance-Reserved for Encumbrances.
D) Expenditures and Budgetary Fund Balance-Reserved for Encumbrances.
Correct Answer:
Verified
Q6: Which accounts described below would have non-zero
Q9: All of the following funds have a
Q46: GASB 31 "Accounting for Financial Reporting for
Q47: Assuming there is a budget surplus,which of
Q48: The general ledger of Broadway contains the
Q49: Due to an error,the general fund of
Q53: The Town of Baker reported the following
Q54: The general fund of Gillette levied property
Q65: GASB 34 established four types of interfund
Q65: At any time,the remaining appropriating authority available
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents