Which of the Following Accounts Is a Budgetary Account of a Governmental

question 69

Multiple Choice

Which of the following accounts is a budgetary account of a governmental fund?

• A) Encumbrances Outstanding.
• B) Estimated Other Financing Uses.
• C) Expenditures.
• D) Other Financing Sources.

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Definitions:

Insurance Premiums

Payments made regularly to an insurance company in exchange for coverage.

Dependent

An individual who relies on another, typically a family member, for financial support and can often be claimed for tax purposes.

Medical Coverage

Insurance protection that covers part or all of an individual's healthcare expenses.

Deductible

A deductible is the amount a policyholder must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.