Question
Q17: A city ordered uniforms with an expected cost of $6,000 for policemen. This amount is encumbered. The uniforms are received with an invoice of
Q17:
A city ordered uniforms with an expected cost of $6,000 for policemen. This amount is encumbered. The uniforms are received with an invoice of $5,900. The entries to record the receipt of the uniforms should include a debit to
a.
Budgetary Fund Balance Reserve for Encumbrances of $5,900.
b.
Encumbrances of $6,000.
c.
Budgetary Fund Balance Reserve for Encumbrances of $6,000.
d.
Appropriations of $100
Q19 )
The term "appropriation" refers to except
a.
Appropriations represent the authority to spend money in accordance with the budget
b.
The specified amount of money allocated by management for each particular purpose
c.
The actual outlay of resources or incurrence of debt to purchase goods
d.
The resources that are used to carry out the activities of the governmental unit
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