When Recording an Approved Budget into the Accounts of the General

question 37

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)Revenue collected in advance

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Definitions:

External Benefit

A benefit that affects a party who did not choose to incur that benefit, typically referring to positive side effects of a transaction or activity on third parties.

Environmental Standard

Regulations and criteria set by governments or international bodies to protect the environment by controlling levels of pollutants or the methods used to produce goods and services.

Noise Level

Noise level refers to the intensity of sound in a particular environment, measured in decibels (dB); it's crucial for determining sound pollution and its effects on health and well-being.

Jet Engine

A type of reaction engine that discharges a fast-moving jet of fluid to generate thrust in accordance with Newton's laws of motion.