Which of the Following Is True Regarding Capital Projects Funds

question 75

Multiple Choice

Which of the following is True regarding capital projects funds?

• A) Encumbrances accounting is employed.
• B) Encumbrances accounting is not normally employed, but Appropriations are recorded.
• C) No budgetary accounts are used.
• D) All budgetary accounts are employed and budget to actual statements are prepared.

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