The Journal Entry to Record the Re-Establishment of Encumbrances That

question 78

Multiple Choice

The journal entry to record the re-establishment of encumbrances that were outstanding at the close of the prior period would include:

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

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Definitions:

Facilitators

Individuals or technologies that make a process easier or more achievable, often used in the context of meetings, workshops, or technology implementations.

Supply Chain Relationships

The interactions and partnerships between various parties in the supply chain, including suppliers, manufacturers, and retailers, aimed at optimizing efficiency and service.

Strategic Alliance

A formal arrangement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.

Vendor

An entity that supplies goods or services to another company, often in a business-to-business (B2B) context.