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    Advanced Financial Accounting Study Set 1
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    Exam 10: Financial Reporting for Not-For-Profit Organizations
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    The Primary Objective of Using an Encumbrance System Is to Keep
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The Primary Objective of Using an Encumbrance System Is to Keep

Question 9

Question 9

Multiple Choice

The primary objective of using an encumbrance system is to keep track of an organization's ________.


A) purchase of goods and services
B) commitments made for the acquisition of goods and services
C) purchase of capital assets
D) expenditures

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