When Supplies Ordered for Use in an Activity Accounted for in the General

question 121

Multiple Choice

When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order,the Encumbrance Control 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 of the supplies received.

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Definitions:

Lycopodiophyta

A division of vascular plants, often referred to as clubmosses, that reproduce through spores and do not have seeds.

Mosses

Small, non-vascular plant species that typically grow in dense green clumps or mats, often in damp or shady locations.

Hepaticophyta

A division of non-vascular plants known as liverworts, which are similar to mosses and typically found in moist habitats.

Bryophyta

A division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a dominant gametophyte stage.