_____ Which Statement Is False Concerning Encumbrances Accounting

Multiple Choice

_____ Which statement is false concerning encumbrances accounting?

A) It is used in recording the annual budget in the general ledger.
B) It has no impact on the amounts reported in the operating statement.
C) It has no impact on the amount reported in the balance sheet for the total fund balance.
D) It has nothing to do with interfund transactions.
E) None of the above.