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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    The Budgetary Fund Balance -- Reserve for Encumbrances Account Is
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The Budgetary Fund Balance -- Reserve for Encumbrances Account Is

Question 123

Question 123

Multiple Choice

The Budgetary Fund Balance -- Reserve for Encumbrances account is properly considered to be aan:


A) current liability.
B) expenditure.
C) long-term liability.
D) None of the above.

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