The Encumbrances Control account of a governmental unit is debited when a. Goods are received. b. A
Question:
The Encumbrances Control account of a governmental unit is debited when
a. Goods are received.
b. A voucher payable is recorded.
c. A purchase order is approved.
d. The budget is recorded.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
Question Posted:
Students also viewed these Business questions
-
Select the correct answer for each of the following items. 1. The primary focus in accounting and reporting for governmental funds is a. Income determination. b. Flow of financial resources. c....
-
Select the best answer for each of the following multiple-choice questions. 1. The encumbrances control account of a governmental unit is increased when a voucher payable is a. Not recorded and the...
-
Select the best answer for each of the following multiple-choice questions. (Nos. 1, 5, and 710 are AICPA adapted.) 1. The encumbrances control account of a governmental unit is increased when a...
-
Lucy has just been promoted to a managerial position and given a new office. She is very fond of small Persian carpets and Native American paintings and wants to get some carpets and paintings for...
-
Compare Walmart's and Amazon's business models and business strategies.
-
A household refrigerator that has a power input of 450 W and a COP of 2.5 is to cool five large watermelons, 10 kg each, to 8C. If the watermelons are initially at 20C, determine how long it will...
-
In 2014, Air Asia Flight No. 8501 crashed in the Java Sea while flying from Indonesia to Singapore. The crash resulted in the deaths of all passengers and crew on board. The plane involved in the...
-
Baucom Manufacturing Corporation was started with the issuance of common stock for $50,000. It purchased $7,000 of raw materials and worked on three job orders during 2012 for which data follow....
-
Step 3: Using the Price and Total Quantity Demanded data from the table above, graph the demand curve on the axes provided (be sure to provide numbers on the axes for price and quantity demanded)....
-
The following pertains to property taxes levied by Cedar City for the calendar year 20X6: City Cedar should report revenues from property taxes for 20X6 of a. $700,000. b. $600,000. c. $690,000. d....
-
A Budgetary Fund BalanceAssigned for Encumbrances in excess of a balance of Encumbrances Control indicates a. An excess of vouchers payable over encumbrances. b. An excess of purchase orders over...
-
Revco Drug Store filed for bankruptcy in July of 1988 and was one of the largest bankruptcies in US financial history as well as being one of the largest leveraged buyouts. As recently as 1984, Revco...
-
A truck travels due east for a distance of 1.8 km, turns around and goes due west for 6.0 km, and finally turns around again and travels 2.7 km due east. 4 (a) What is the total distance (in km) that...
-
Find the volume charge density of a positively charged sphere of radius 2 cm, if the electric field at 1 cm of its center is 2x10 N/C.
-
9. Find all values of k, if any, that satisfy the equation. [1 2 01 [2] [22 k] 2 0 3|2|=0 Lo 3 1 kl 10. Use determinants to decide whether the given matrix is invertible and hence find the inverse. 4...
-
there is Exhibit 12.4 12-5 that shows an example about a firm producing hammocks manually but evaluating an automated alternative. After reading all relevant information about that example, tell me...
-
A parachutist bails out of an airplane, and freely falls 45 m (ignore air friction). Then the parachute opens, and her acceleration is -1.5 m/s (up). The parachutist reaches the ground with a speed...
-
A plate of thickness h made of uniform statically polarized dielectric is placed inside a capacitor whose parallel plates are inter-connected by a conductor. The polarization of the dielectric is...
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
The DELS partnership was formed by combining individual accounting practices on May 10, 20X1. The initial investments were as follows: Required a. Prepare the journal entry to record the initial...
-
The DELS partnership was formed by combining individual accounting practices on May 10, 20X1. The initial investments were as follows: Required a. Prepare the journal entry to record the initial...
-
Haskins and Sells formed a partnership on January 2, 20X3. Each had been a sole proprietor before forming their partnership. Part I Each partners contributions follow. The amounts under the cost...
-
how to calculate income before tax and interest on PROFORMA sheet
-
An electron has a de Broglie wavelength that is the same as the wavelength of a 2.50 x 1014 Hz photon. What is the speed of the electron? Give your answer in m/s but do NOT include units in your...
-
Initials: = 25 kg/s) 2. (15 points) A mass m = 1 kg is attached to a spring (with spring constant k but not connected to a dashpot (so the damping constant is c = 0 kg/s). The mass is set in motion...
Study smarter with the SolutionInn App