The general fund of World Township ordered office furniture for the mayor's office on August 1, 20X8. The office furniture was estimated to cost $12,000. The office furniture was received on September 1, 20X8, with the actual cost being $11,800. Which of the following accounts decreased on September 1, 20X8?
A) Encumbrances only.
B) Expenditures only.
C) Encumbrances and Budgetary Fund Balance-Assigned for Encumbrances.
D) Expenditures and Budgetary Fund Balance-Assigned for Encumbrances.
Correct Answer:
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