Author Question: If an agency incurs expenses that were not previously obligated, the agency should make a ... (Read 68 times)

asmith134 · **on:** Jul 5, 2018

If an agency incurs expenses that were not previously obligated, the agency should make a proprietary entry that DEBITS

a. Fund Balance.
b. Allotments.
c. Advances to Others.
d. Appropriations Used.
e. Unexpended Appropriations.

Question 2

A debit
a. is on the left side.
b. decreases assets.
c. increases liabilities.
d. increases owner's equity.