In governmental accounting,expenditures are
A)equal to expenses minus depreciation
B)incurred for operating purposes,capital acquisitions,and debt service
C)equal to encumbrances plus appropriations
D)incurred to generate revenue in order to promote the well-being of the citizens

Question

Quizplus · Accepted Answer

Expenditures in governmental accounting include operating expenses, capital acquisitions (such as building construction or equipment purchases), and debt service (interest and principal payments on loans). This definition is consistent with choice B. Choices A, C, and D do not capture the full scope of what constitutes an expenditure in governmental accounting.

In Governmental Accounting,expenditures Are