The purpose of encumbrance accounting is to: a. Avoid expenditures exceeding appropriations. b. Prevent government waste. c.
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Question:
The purpose of encumbrance accounting is to:
a.
Avoid expenditures exceeding appropriations.
b.
Prevent government waste.
c.
Replace expense accounting in governments.
d.
Manage a government's cash flows.
Q10 :
Which of the following results in unfavorable variance:
a.
Expenditures exceeds appropriations
b.
Estimated revenues exceeds appropriations
c.
Revenues exceeds Estimated revenues
d.
Appropriations exceeds expenditures
Related Book For
Understanding Basic Statistics
ISBN: 978-1111827021
6th edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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