1. Upon ordering supplies a government should a. Debit encumbrances and credit r

1. Upon ordering supplies a government should a. Debit encumbrances and credit reserve for encumbrances b. Debit reserve for encumbrances and credit encumbrances c. Debit expenditures and credit encumbrances d. Debit expenditures and credit vouchers payable 2. Upon receiving supplies that had previously been encumbered a government should a. Debit reserve for encumbrances and credit encumbrances b. Debit fund balance and credit reserve for encumbrances c. Debit fund balance and credit expenditures d. Debit reserve for encumbrances and credit expenditures 3. Upon closing the books at year-end a government should a. Debit fund balance and credit reserve for encumbrances b. Debit encumbrances and credit reserve for encumbrances c. Debit fund balance and credit encumbrances d. Debit reserve for encumbrances and credit encumbrances 6. A government places an order for a particular item of equipment and encumbers $5500. The item arrives accompanied by an invoice for $5200. The entries that the government should make should include (but not necessarily be limited to): a. A debit to expenditures for $5200 a debit to fund balance for $300 and a credit to reserve for encumbrances for $5500 b. A debit to expenditures for $5200 a credit to encumbrances for $5200 and a credit to accounts payable for $5200 c. A debit to expenditures for $5200 a credit to encumbrances for $5500 and a credit to accounts payable for $5200 d. A debit to expenditures for $5200 a credit to reserve for encumbrances for $5200 and a credit to accounts payable for $5200 8. Per GASB Statement No. 34 governments must a. Prepare a general fund budget on a cash basis b. Prepare a general fund budget on a modified accrual basis c. Prepare a schedule that reconciles any differences between amounts reported on a GAAP basis and a budgetary basis d. Prepare a schedule that reconciles any differences between the original budget and the amended budget 9. The amount that a government has available to spend would be indicated by a. Encumbrances minus the sum of appropriations expenditures and net adjustments b. Reserve for encumbrances plus appropriations minus the sum of expenditures and net adjustments c. Appropriations plus encumbrances minus the sum of expenditures and net adjustments d. Appropriations minus the sum of expenditures encumbrances and net adjustments