Which of the following terms applicable to governmental entity accounting refers to an actual cost rather than to an estimate?
A) Expenditure
B) Appropriation
C) Budget
D) Encumbrance
E) None of the foregoing
Correct Answer:
Verified
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Q18: Which of the following processes in the
Q19: Encumbrances (used voluntarily) are not entered in
Q21: Wages that have been earned by the
Q22: Which of the following increases the unreserved
Q23: In preparing the general fund budget of
Q24: Which of the following ledger accounts is
Q25: The current accounting standards for state and
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