When Supplies Ordered for Use in an Activity Accounted for in the General

question 68

Multiple Choice

When supplies ordered for use in an activity accounted for in the General Fund are received at an actual price that is more than the estimated price on the purchase order, the Encumbrance account is:

• A) Debited for the estimated price on the purchase order.
• B) Credited for the estimated price on the purchase order.
• C) Debited for the actual price for the supplies received.
• D) Credited for the actual price for the supplies received.

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Definitions:

Organizational Life

Encompasses the culture, practices, and dynamics within an organization, influencing and shaping the experiences of its members.

Naturally Occurring

Existing in or caused by nature; not made or caused by humankind.

Race

A socially constructed category of identification based on physical characteristics, ancestry, historical affiliations, or shared culture.

Sexual Expression

The ways in which individuals communicate and express their sexual feelings, desires, and identities.