During January 2017 General Fund Supplies Ordered in the Previous

question 13

Multiple Choice

During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 were received at an actual cost of $2,200.The entry to record this transaction will require a debit to:

• A) Expenditures-2017 in the amount of $2,200.
• B) Expenditures-2016 in the amount of $200.
• C) Expenditures-2017 in the amount of $200.
• D) Expenditures-2016 in the amount of $2,200.

Evaluate how self-management skills influence performance in a work environment.

Explain the concept of assertiveness and its importance in personal and professional life.

Understand the characteristics and purposes of formal and informal groups in organizations.

Identify the stages of group development and the features of each stage.

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Definitions:

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of accounting standards and principles designed to ensure consistency in financial reporting.

Repetitive Basis

A method or process that is regularly repeated in a consistent manner over time, often used to describe routine transactions or operations.

Deferred Charge

An expenditure paid for in one accounting period but reported as an asset because it will provide benefits in future periods.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.