The Reserve for Encumbrances account is properly considered to be a(an) :
A) Current liability if paid within a year; otherwise, long-term debt
B) Equity account; a reservation of fund equity
C) Budgetary account
D) Long-term liability
Correct Answer:
Verified
Q41: A certain government passed its budget for
Q42: The Police Department of a given city
Q43: Classification of expenditures by function would not
Q44: The Revenues account of a government is
Q47: When supplies ordered for use in an
Q48: In its 2007 Budgetary Comparison Schedule, the
Q50: In a budgetary entry, if Appropriations Control
Q51: A Budgetary Comparison Schedule is:
A) Optional under
Q96: An example of expenditure classification by character
Q112: An example of expenditure classification by object
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