Encumbrances Outstanding Is Shown on the Balance Sheet as a Restriction

question 19

True/False

Encumbrances Outstanding is shown on the balance sheet as a restriction on fund balance.

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Definitions:

Disciplinary Action

Measures taken by an organization to address an employee's breach of policy or misconduct.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, typically on a regular basis.

Follow-Up Service

After-sales services provided to customers, including support, maintenance, and addressing any issues or concerns that arise after the purchase of a product or service.

Sales Representative

A professional responsible for selling and promoting a company's products or services, often directly to customers or through various sales channels.