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  3. Study Set
    Advanced Accounting Concepts and Practice
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    Exam 24: Governmental Accounting: Basic Principles and the General Fund
  5. Question
    The Entry to Reestablish Budgetary Control Over Encumbrances Outstanding at the End
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The Entry to Reestablish Budgetary Control Over Encumbrances Outstanding at the End

Question 129

Question 129

True/False

The entry to reestablish budgetary control over encumbrances outstanding at the end of the prior year as a result of a reappropriation in the new year requires a debit to the Encumbrances account.

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