Author Question: The Unencumbered Balance in an expenditure subsidiary ledger represents a. appropriations less ... (Read 121 times)

karateprodigy · **on:** Jul 6, 2018

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.