menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Accounting Study Set 1
  4. Exam
    Exam 4: Accounting for the General and Special Revenue Funds
  5. Question
    The Entry to Re-Establish Encumbrances Related to Purchase Orders from the Prior
Solved

The Entry to Re-Establish Encumbrances Related to Purchase Orders from the Prior

Question 3

Question 3

Multiple Choice

The entry to re-establish encumbrances related to purchase orders from the prior year would include:


A) A debit to Fund Balance - Unreserved
B) A debit to Encumbrances Control
C) A credit to Fund Balance - Reserved for Encumbrances
D) None of the above

Correct Answer:

verifed

Verified

Related Questions

Q2: When closing the books for the General

Q4: Which of the following accounts of a

Q7: The Town of Tonawanda has $21,000

Q8: Under the purchases method to account for

Q10: When closing out the General Fund and

Q11: In February, X City ordered $725,000 of

Q24: Under modified accrual accounting,revenues are recognized when

Q45: When would a special revenue fund be

Q61: In the General Fund,revenues are recognized when

Q81: A special item is a significant transaction

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