Which One of the Following Statements Is False Concerning the Accounting

question 66

Multiple Choice

Which one of the following statements is false concerning the accounting for the budget in the general fund general ledger?

• A)The budgetary accounts are affected regularly as revenues and expenditures are recognized.
• B)The budgetary accounts may be adjusted during the year to reflect amendments to the budget.
• C)The budgetary accounts are closed at the end of the period.
• D)The budgetary account for expenditures is called appropriations.

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Definitions:

Flight Trackers

Refers to tools or applications that provide real-time information about the status of flights, including departure and arrival times, delays, and the current location of an aircraft.

Showrooming

Customers visit a store to touch, feel, and even discuss a product’s features with a sales associate, and then purchase it online from another retailer at a lower price.

Sales Associate

An employee in a retail or sales setting responsible for assisting customers, making sales, and maintaining the presentation of goods.

Instantly Compares

Immediately evaluates or contrasts two or more items or entities to assess their differences or similarities.