6. The only difference between modified accrual accounting and accrual accounting is the difference in the recognition of long-term assets and liabilities.

7. When recording the budget, an excess of estimated revenues over appropriations would be credited to Budgetary Fund Balance.

8. When a purchase order or contract is issued as authorized by an appropriation, it is known as an expenditure.

9. The category other financing uses includes transfers from other funds and bond issue proceeds.

10. The journal entry to record a purchase order in the General Fund would be a debit to encumbrances control account and credit the Budgetary Fund Balance-Reserve for Encumbrances account.