The encumbrances account of a governmental unit is credited when

Recommended textbook solutions

The encumbrances account of a governmental unit is credited when

Glencoe Accounting: First Year Course

1st EditionGlencoe McGraw-Hill

548 solutions

The encumbrances account of a governmental unit is credited when

Financial Accounting

4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas

1,097 solutions

The encumbrances account of a governmental unit is credited when

Intermediate Accounting

16th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

2,304 solutions

The encumbrances account of a governmental unit is credited when

Cost Accounting: A Managerial Emphasis

15th EditionCharles T. Horngren, Madhav V Rajan, Srikant M. Datar

853 solutions

When accounting for the General Fund the encumbrances control account is credited when?

When accounting for the General Fund, the Encumbrances Control account is credited when: D. A purchase order is filled or canceled. The City of Pine Cove levied property taxes for the fiscal year ended June 30, 2015, in the amount of $10,000,000. .

When goods for which an encumbrance has been recorded are received?

When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of the goods. Other financing sources increase fund balance in the same manner as revenues. You just studied 20 terms!

What is the purpose of encumbrance accounting quizlet?

Encumbrance accounting is for budgetary control, and therefore is commonly used in the Governmental fund types (General, Special Revenue, and Capital Projects Funds. It is not typically used by Debt Service funds or Proprietary Funds.

Which of the following will increase the fund balance of a governmental unit at the end of the fiscal year?

Which of the following will increase the fund balance of a government at the end of the fiscal year? The sum of revenues and other financing sources is more than the sum of expenditures and other financing uses. A debit to Estimated Revenues.