If Invoices for Items Purchased Total $200,000,and Related Purchase Orders

question 72

Multiple Choice

If invoices for items purchased total $200,000,and related purchase orders total $185,000,which of the following is correct?

• A) An encumbrance is debited for $200,000.
• B) Budgetary Fund Balance -- Reserve for Encumbrances is credited for $200,000.
• C) An expenditure is credited for $185,000.
• D) A liability is credited for $200,000.

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Definitions:

Key Position

A significant or strategic role within an organization that holds considerable influence or responsibility.

Resist Change

The tendency to oppose or struggle against modifications in procedures, processes, or status quo.

Qualified Replacement

A person who possesses the necessary skills, experience, and qualifications to fill a vacant position effectively.

Resistance

Opposition or pushback encountered when introducing changes, innovations, or new ideas.