A3 Twatt - represent the cost of a good or service consumed...

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Chapter 3 Tiffany Watt Assignment: A3 February 18, 2011 AC 325 – E01   Questions 3-4. a. General b. Program c. Program d. General e. General f. Program g. General 3-6. a. Expenditures is an operating statement account that represents the cost to purchase a good or service. Encumbrances is a budgetary account that represents a commitment to make an expenditure. b. Revenues is an operating statement account with a credit balance. Estimated revenues is a budgetary account with a debit balance. e. Appropriations is a budgetary account with a normal credit balance. Expenditures is its operating statement counterpart with a normal debit balance. f. Expenditures represent the cost to purchase a good or service. Expenses
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Unformatted text preview: represent the cost of a good or service consumed during a period. 3-7. a. Organization Unit b. Function c. Activity d. Activity e. Activity f. Character & Object g. Program h. Function i. Organization Unit j. Organization Unit Chapter 3 Tiffany Watt Assignment: A3 February 18, 2011 AC 325 E01 3-8. a. Taxes b. Charges for Services c. Licenses and Permits d. Fines and Forfeits e. Intergovernmental Revenues f. Miscellaneous g. Charges for Services or Miscellaneous h. Licenses and Permits Exercises & Problems 3-2. Multiple Choice. 1. C 2. D 3. A 4. C 5. A 6. C 7. C 8. B 9. C 10. B...
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A3 Twatt - represent the cost of a good or service consumed...

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