Purchase Orders for Items Ordered by the General Fund Totaled

question 97

Multiple Choice

Purchase orders for items ordered by the General Fund totaled $ 205,000. Upon receipt, invoices for these items totaled $200,000. Which of the following will take place on the date the goods are received.

• A) An encumbrance is debited for $205,000.
• B) A liability is credited for $200,000.
• C) Budgetary Fund Balance -- Reserve for Encumbrances is credited for $200,000.
• D) An expenditure is credited for $205,000.

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