Question
The Fund Balance-Reserved for Encumbrances account is properly considered to be a(an): A) current liability if paid within a year; otherwise, long-term debt. B) equity
The Fund Balance-Reserved for Encumbrances account is properly considered to be a(an):
A) current liability if paid within a year; otherwise, long-term debt.
B) equity account; a reservation of fund equity.
C) budgetary account.
D) long-term liability.
Answer:
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Patient Care Audit Criteria
Authors: Jean Gayton Carroll
1st Edition
0870943928, 978-0870943928
