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Business, 02.03.2020 23:57 Nicki3729

A city's General Fund general ledger includes accounts called Estimated Revenues, Appropriations, and Encumbrances.
This indicates that the city:

a. Formally integrates its budget into its chart of accounts.
b. Uses a cash plus encumbrances basis of accounting.
c. Maintains its accounts on an accrual basis.
d. Erroneously reports encumbrances as expenditures.

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