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.

---

Definitions:

Human Resource Foundation

The fundamental principles and practices related to managing an organization's workforce, including recruitment, training, development, and compensation.

Ethical Codes

Principles that guide behaviors and decisions within an organization or profession.

Leadership

The act of guiding and directing a group towards achieving a common goal through influence and motivation.

Profit Maximisation

The process of increasing a company's profits to the highest possible level given its constraints.