To Close Encumbrances at the End of the Year Which

question 19

Multiple Choice

To close Encumbrances at the end of the year which of the following entries should be made?

• A)Debit Encumbrances; credit Fund balance.
• B)Debit Reserve for encumbrances; credit Encumbrances.
• C)Debit Fund balance; credit Encumbrances.
• D)No closing entry needed.

---

Definitions:

Experimental Area

A specialized setting or domain in research where experiments are conducted to test hypotheses and observe phenomena under controlled conditions.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Positive Psychology

A branch of psychology focused on studying and promoting well-being and happiness, rather than on mental disorders.

Behaviourist Principles

A set of principles based on the belief that all behaviors are learned through interaction with the environment, emphasizing the role of external stimuli and responses.