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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 24: Governmental Accounting: Basic Principles and the General Fund
  5. Question
    The Entry to Remove the Budgetary Accounts Relating to Encumbrances
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The Entry to Remove the Budgetary Accounts Relating to Encumbrances

Question 49

Question 49

True/False

The entry to remove the budgetary accounts relating to encumbrances outstanding at year-end requires a credit to the Encumbrances account.

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