Liabilities incurred,such as for accrued payroll,but still unpaid at year-end,should be recorded in the General Fund by a debit to which one of the following accounts?

Question

Quizplus · Accepted Answer

Liabilities incurred but still unpaid are recorded as expenditures in the General Fund. Therefore, the correct account to debit would be Expenditures Control. Choices (A) and (B) are not appropriate because they are accounts that are used for budgeting purposes, while Choice (C) is used for encumbering funds for future expenses.

Liabilities Incurred,such as for Accrued Payroll,but Still Unpaid at Year-End,should