Which of the Following Accounts in the General Fund Is

question 111

Multiple Choice

Which of the following accounts in the General Fund is credited when a purchase order is approved?

• A) Appropriations Control.
• B) Encumbrances Control.
• C) Budgetary Fund Balance -- Reserve for Encumbrances.
• D) Vouchers Payable.

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Definitions:

Cartel

A formal agreement among competing firms to control the market for a certain product by setting prices, limiting supply, or other restrictive practices.

Cartel

An association of manufacturers or suppliers agreed upon restricting competition and controlling prices within a particular industry, often to maximize collective profits.

Cheat

The act of acting dishonestly or unfairly in order to gain an advantage, especially in a game, examination, or competition.

Collusion

A secret or illicit cooperation or conspiracy, especially between parties to deceive or defraud others, often used in the context of businesses agreeing on prices.