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    Government and Not for Profit Accounting Study Set 2
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    Exam 2: Fund Accounting
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    When a Fax Machine Purchased by a Governmental Entity Is
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When a Fax Machine Purchased by a Governmental Entity Is

Question 15

Question 15

Multiple Choice

When a fax machine purchased by a governmental entity is received, it should be recorded in the general fund as a(n)


A) Expense
B) Encumbrance
C) Expenditure
D) Extravagance

Correct Answer:

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