menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    Encumbrance Is the Legal Authorization for Administrators of Governmental Unit
Solved

Encumbrance Is the Legal Authorization for Administrators of Governmental Unit

Question 59

Question 59

True/False

Encumbrance is the legal authorization for administrators of governmental unit to incur liabilities for purposes specified and to not exceed the amount specified.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Examples of budgetary accounts include Estimated Revenues,

Q32: Which of the following statements is not

Q49: There are no expenses in modified accrual

Q54: The category "other financing sources" includes transfers

Q55: Rainy day funds are classified as committed

Q60: Expenditures under modified accrual accounting are recognized

Q64: Which of the following would not be

Q70: $200,000 to be used to fund government

Q94: GASB standards _ that each governmental reporting

Q139: When liabilities authorized by an appropriation have

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines