When Materials That Were Ordered for a Capital Projects Fund

question 20

Multiple Choice

When materials that were ordered for a capital projects fund for use on a construction project are received but the invoice has not yet paid,what account is debited?

• A)Encumbrances.
• B)Appropriations.
• C)Vouchers payable.
• D)Construction Expenditures.

---

Definitions:

Product M

Refers to a specific good or service offered by a company, designated as "M" for differentiation.

Controllable Costs

Expenses that a manager or business unit has the authority to influence or change, such as materials or labor.

Organizational Structure

The system of rules, roles, and responsibilities within an organization that outlines how activities are directed in order to achieve the organization's goals.

Payroll Clerk

A payroll clerk is a professional responsible for preparing and managing an organization's employee compensation, deductions, and records.