The Journal Entry to Record an Encumbrance Would Include

question 101

Multiple Choice

The journal entry to record an encumbrance would include:

• A) A debit to Encumbrance Control
• B) A debit to Budgetary Fund Balance - Reserve for Encumbrances
• C) A credit to Budgetary Fund Balance - Reserve for Encumbrances
• D) A and C would both be included in the journal entry

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Definitions:

Marginal Benefits

The additional satisfaction or utility gained from consuming or using one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, considering both the direct costs and any externalities.

Environmental Disaster

A catastrophic event that significantly harms the natural environment and leads to negative impacts on human health and well-being.

Pollution Reduction

Refers to efforts to decrease the amount of pollutants released into the environment, often through regulatory measures or technological improvements.