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In approving the budget of the City of Troy, the city council appropriated an amount less than expected revenues, what will be the result of
In approving the budget of the City of Troy, the city council appropriated an amount less than expected revenues, what will be the result of this action .a An increase in outstanding encumbrances by the of the fiscal year .b A credit to budgetary fund balance O A debit to budgetary fund balance O .d A necessity for compensatory offsetting action in the debt service fund An encumbrance is a commitment. It represents resources which are now .committed for a specified use .a False .b True
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