When a Computer Is Ordered by a Department of the Government,the

question 54

Multiple Choice

When a computer is ordered by a department of the government,the purchase order should be recorded in the General Fund as a debit to

• A) Appropriations.
• B) Equipment.
• C) Encumbrances.
• D) Expenditures.

---

Definitions:

Interest Paid

The amount of money paid over time for the use of borrowed funds.

Dividends Received

Payments received by an investor or a company from owning shares in another company.

Corporation Owns

Assets or property held by a corporation, which can include cash, inventory, equipment, and real estate.

Premium Or Discount

Refers to the amount by which the selling or purchase price of a financial instrument differs from its face value.