At What Point Would the General Fund Account "Budgetary Fund

question 111

Multiple Choice

At what point would the General Fund account "Budgetary Fund Balance -- Reserve for Encumbrances" be debited?

• A) When an item is ordered by the government.
• B) When an authorized liability is incurred (government receives item).
• C) When cash is paid to the vendor.
• D) (A) or (B) depending on authorized appropriations.

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Definitions:

Freight Railroad

A type of railroad designed for the transportation of cargo, as opposed to passengers, across distances.

Revenue Management Opportunities

Strategies and practices aimed at maximizing income potential, often through dynamic pricing based on demand.

Luxury Items

High-end products or services that are considered to be unnecessary but desirable and are associated with wealth or indulgence.

Sanitary Landfill

A waste disposal site designed for the secure confinement of waste material, using engineering measures to prevent contamination of groundwater or air and minimize the area impacted by waste.