When recording an approved budget into the accounts of the general fund,which of the following accounts would be credited?

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Appropriations represent the amount of the budget that is legally authorized to be spent for specific purposes. When recording the budget into the general fund accounts, the appropriations account would be credited to show that the budget has been approved and is available for spending. Encumbrances represent amounts that have been committed for future payment, estimated revenues represent the anticipated income for the period, and deferred revenues represent amounts that have been received but have not yet been earned. These accounts would not be credited when recording the budget.

When Recording an Approved Budget into the Accounts of the General