To Close Reserve for Encumbrances at the End of the Year

question 9

Multiple Choice

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

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

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Definitions:

Association Areas

Regions in the brain involved in complex processes like interpreting sensory information, language, and problem-solving.

Neural Networks

Computing systems inspired by the biological neural networks that constitute animal brains. They can learn and recognize patterns from large amounts of data.

Pruning

The process by which extra neurons and synaptic connections are eliminated in the brain to increase the efficiency of neural transmissions.

Assimilation

The cognitive process of integrating new information into existing frameworks or understanding.