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Author Question: If an agency incurs expenses that were not previously obligated, the agency should make a ... (Read 64 times)

asmith134

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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.


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tandmlomax84

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Reply #1 on: Jul 5, 2018
Answer to Question 1

E

Answer to Question 2

a


asmith134

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  • Posts: 576
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

ryansturges

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

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