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When Encumbrances Are Recognized at the Time Purchase Orders Are

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Short Answer

When encumbrances are recognized at the time purchase orders are issued,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
_____ 1.Encumbrances
_____ 2.Reserve for Encumbrances
_____ 3.Expenditures
_____ 4.Vouchers payable
_____ 5.Purchases

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Definitions:

Assortment

The variety of products or services offered by a company or available in a market.

Supply Chain/Logistics Manager

A professional responsible for overseeing and managing a company's supply chain and logistics strategy and operations to maximize efficiency and productivity.

Retailing

All of the business activities involved in the sales of goods and services to an end consumer for their personal, family, or household use.

Transporting

The process of moving goods or people from one location to another, typically using vehicles such as trucks, ships, or airplanes.

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