When Recording an Approved Budget into the Accounts of the General

question 10

Multiple Choice

When recording an approved budget into the accounts of the general fund,which of the following accounts would be credited?

• A)Appropriations
• B)Encumbrances
• C)Estimated revenues
• D)Deferred revenues

---

Definitions:

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, often signaling the company is dissolving its assets.

Retained Earnings Restrictions

Limitations or constraints placed on the portion of earnings that are not distributed as dividends but kept within the company for reinvestment or other purposes.

Prior Period Adjustment

Adjustments made to the accounts to rectify errors or omissions in the financial statements of previous periods.