Which of the Following Accounts of a Governmental Unit Is

question 4

Multiple Choice

Which of the following accounts of a governmental unit is credited to close it at the end of the fiscal year?

• A) Appropriations Control
• B) Encumbrances Control
• C) Reserve for Encumbrances
• D) Other Financing Sources-Transfers In

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Definitions:

Jointly Control

The shared authority and responsibility over a particular task, project, or domain, often seen in partnerships or collaborative working environments.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to pursue a particular action.

Incentive

An incentive is a motivational factor or reward that encourages people to perform an action or adopt a behavior.

Room And Board

A combination of housing (room) and meals (board) typically provided as part of compensation or in a collegiate setting.