The Entry to Close Appropriations, Expenditures, and Encumbrances Accounts Includes

question 10

Multiple Choice

The entry to close appropriations, expenditures, and encumbrances accounts includes a debit to:

• A) Appropriations.
• B) Expenditures.
• C) Encumbrances.
• D) both Appropriations and Encumbrances.

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Definitions:

Cross-Docking

A logistics procedure where products received at a warehouse are directly transferred from incoming to outgoing shipping with minimal or no storage time.

Documentation

The process or practice of recording information to detail activities, procedures, or conditions.

Order Replenishment Systems

Automated processes or systems used to manage inventory levels and reorder products or materials as needed.

Inventory Management Systems

Technologies and strategies used to monitor and manage the stock of goods in a business to optimize inventory levels and reduce costs.