Which of the following accounts is not a budgetary account of a governmental fund?
A: Reserve for Inventory of Supplies.
B: Encumbrances.
C: Estimated Revenues.
D: Estimated Other Financing Sources
A: Reserve for Inventory of Supplies.
B: Encumbrances.
C: Estimated Revenues.
D: Estimated Other Financing Sources
举一反三
- The Reserve for Encumbrances account is properly termed a A: Long-term liability. B: Budgetary account. C: Current liability if paid<br/>within a year; otherwise a long-term debt. D: Reservation of fund<br/>equity.
- The Reserve for Encumbrances account is properly termed a () A: Fixed<br/>liability. B: Reservation<br/>of fund equity. C: Budgetary<br/>account. D: Current<br/>liability if paid within a year; otherwise, long-term debt.
- Which of the following accounts is closed （ ）. A: Supplies B: Supplies Expense C: Prepaid Insurance D: Accounts Receivable
- Abudget uses predicted or estimated revenues and costs.
- In the following items, those that belong to current assets are ( ) A: currency fund B: account receivalbe C: notes receivable D: inventory