In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Governmental funds, proprietary funds, and trust funds should be provided. O b. Only those funds required by law should be provided. O c. All seven categories of funds must be provided. O d. Funds required by law and sound financial administration should be provided. Which of the following accounts of a governmental unit is debited when supplies previously ordered are received? Select one a. Vouchers Payable. b. Appropriations. c. Encumbrances. d. Encumbrances Outstanding. When the budget of a governmental unit is adopted and estimated revenues exceed appropriations, the excess is: Select one a. Debited to Fund Balance or Budgetary Fund Balance. O b. Credited to Fund Balance-Committed-Encumbrances. ec. Credited to Fund Balance or Budgetary Fund Balance. d. Debited to Fund Balance-Committed-Encumbrances. When a computet, which is to be used by an activity accounted for by the General Fund of a govermment unit, is received, it should be recorded in the Ganeral Fund as ain Select one Oa Foed asset Ob. Expenditure Oc Appropriation. Od Encumbrance In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Governmental funds, proprietary funds, and trust funds should be provided. O b. Only those funds required by law should be provided. O c. All seven categories of funds must be provided. O d. Funds required by law and sound financial administration should be provided. Which of the following accounts of a governmental unit is debited when supplies previously ordered are received? Select one a. Vouchers Payable. b. Appropriations. c. Encumbrances. d. Encumbrances Outstanding. When the budget of a governmental unit is adopted and estimated revenues exceed appropriations, the excess is: Select one a. Debited to Fund Balance or Budgetary Fund Balance. O b. Credited to Fund Balance-Committed-Encumbrances. ec. Credited to Fund Balance or Budgetary Fund Balance. d. Debited to Fund Balance-Committed-Encumbrances. When a computet, which is to be used by an activity accounted for by the General Fund of a govermment unit, is received, it should be recorded in the Ganeral Fund as ain Select one Oa Foed asset Ob. Expenditure Oc Appropriation. Od Encumbrance In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Governmental funds, proprietary funds, and trust funds should be provided. O b. Only those funds required by law should be provided. O c. All seven categories of funds must be provided. O d. Funds required by law and sound financial administration should be provided. Which of the following accounts of a governmental unit is debited when supplies previously ordered are received? Select one a. Vouchers Payable. b. Appropriations. c. Encumbrances. d. Encumbrances Outstanding. When the budget of a governmental unit is adopted and estimated revenues exceed appropriations, the excess is: Select one a. Debited to Fund Balance or Budgetary Fund Balance. O b. Credited to Fund Balance-Committed-Encumbrances. ec. Credited to Fund Balance or Budgetary Fund Balance. d. Debited to Fund Balance-Committed-Encumbrances. When a computet, which is to be used by an activity accounted for by the General Fund of a govermment unit, is received, it should be recorded in the Ganeral Fund as ain Select one Oa Foed asset Ob. Expenditure Oc Appropriation. Od Encumbrance In order for the accounting system of a local governmental unit to be in conformity with GAAP: Select one O a. Governmental funds, proprietary funds, and trust funds should be provided. O b. Only those funds required by law should be provided. O c. All seven categories of funds must be provided. O d. Funds required by law and sound financial administration should be provided. Which of the following accounts of a governmental unit is debited when supplies previously ordered are received? Select one a. Vouchers Payable. b. Appropriations. c. Encumbrances. d. Encumbrances Outstanding. When the budget of a governmental unit is adopted and estimated revenues exceed appropriations, the excess is: Select one a. Debited to Fund Balance or Budgetary Fund Balance. O b. Credited to Fund Balance-Committed-Encumbrances. ec. Credited to Fund Balance or Budgetary Fund Balance. d. Debited to Fund Balance-Committed-Encumbrances. When a computet, which is to be used by an activity accounted for by the General Fund of a govermment unit, is received, it should be recorded in the Ganeral Fund as ain Select one Oa Foed asset Ob. Expenditure Oc Appropriation. Od Encumbrance