A Budgetary Fund Balance - Assigned in Excess of a Balance

question 28

Multiple Choice

A budgetary fund balance - assigned in excess of a balance of encumbrances indicates

• A) A recording error.
• B) An excess of vouchers payable over encumbrances.
• C) An excess of purchase orders over invoices received.
• D) An excess of appropriations over encumbrances.

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Definitions:

Empirical

Based on observation or experience rather than theory or pure logic.

Probable Truth

A statement or fact that is likely to be accurate or true based on evidence or reasoning.

Test of Truthfulness

A method or procedure used to determine the accuracy or honesty of a statement or proposition.

Statistical Analyses

The collection, examination, interpretation, presentation, and organization of data using mathematical theories and formulas to identify trends, patterns, or relationships among variables.