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7 Cards in this Set
- Front
- Back
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Acquire inventory of supplies (Consumption)
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Expenditures
Vouchers Payable |
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Recognize ending inventory of supplies: (Consumption)
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Inventory of Supplies
Expenditures |
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Establish fund reserve for ending inventory: (Consumption)
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Fund Balance – Unassigned
Fund Balance – Assigned for Inventories |
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Close expenditures account: (Consumption)
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Fund Balance – Unassigned
Expenditures |
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Record expenditures for inventories consumed: (Consumption)
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Expenditures
Inventory of Supplies |
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Remove fund balance reserve for inventories consumed (Consumption)
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Fund Balance – Assigned for Inventories
Fund Balance – Unassigned |
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Close expenditures account : (Consumption)
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Fund Balance – Unassigned
Expenditures |
