The Unencumbered Balance in an expenditure subsidiary ledger ...

[karateprodigy]

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.

[macagn]

Answer to Question 1

C

Answer to Question 2

D

[karateprodigy]

TYSM

[kthug]

Excellent