Entry to record the transaction concept


During January 2009 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $1,200 were received at an actual cost of $1,300. The entry to record this transaction will require a debit to:

A) Expenditures 2009 in the amount of $1,300.

B) Expenditures 2008 in the amount of $1,200.

C) Expenditures 2009 in the amount of $100.

D) Both B and C are correct.

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Accounting Basics: Entry to record the transaction concept
Reference No:- TGS094836

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