Multiple Choice
Which of the following observations concerning encumbrances is NOT true?
A) Their purpose is to ensure that the expenditures within a period do not exceed the budgeted appropriations.
B) They provide a control system and safeguard for governmental unit administrators.
C) They are a unique element of governmental accounting.
D) They are recognized only at the time disbursements are made.
Correct Answer:
Verified
Correct Answer:
Verified
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