The journal entry to re-establish an encumbrance from the prior year would include: Multiple Choice A debit to Budgetary Fund Balance – Reserve for Encumbrances. A credit to Appropriations Control. A credit to Budgetary Encumbrances. A debit to Encumbrances Control..
The journal entry to re-establish an encumbrance from the prior year would include: Multiple Choice A debit to Budgetary Fund Balance – Reserve for Encumbrances. A credit to Appropriations Control. A credit to Budgetary Encumbrances. A debit to Encumbrances Control..
Chapter7: Budgeting
Section: Chapter Questions
Problem 15MC: Which budget is the starting point in preparing financial budgets? the budgeted income statement the...
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Multiple Choice
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A debit to Budgetary Fund Balance – Reserve for Encumbrances.
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A credit to Appropriations Control.
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A credit to Budgetary Encumbrances.
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A debit to Encumbrances Control..
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