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Author Question: The Unencumbered Balance in an expenditure subsidiary ledger represents a. appropriations less ... (Read 118 times)

karateprodigy

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The Unencumbered Balance in an expenditure subsidiary ledger represents
 
  a. appropriations less expenditures.
  b. appropriations less encumbrances.
  c. appropriations less expenditures and encumbrances.
  d. estimated revenue less appropriations.

Question 2

In the year a city enters into a capital lease to finance a new sanitation truck, the General Fund will report
 
  A. An increase in capital assets.
  B. A decrease in fund balance equal to the cost of the new sanitation truck.
  C. An other financing use.
  D. A decrease in fund balance equal to the amount of any down payment required.



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macagn

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Answer to Question 1

C

Answer to Question 2

D




karateprodigy

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)


sarah_brady415

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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