12. The appropriate format of the end-of-fiscal-year journal entry (explanation omitted) to close the Encumbrances ledger account...

Question:

12. The appropriate format of the end-of-fiscal-year journal entry (explanation omitted) to close the Encumbrances ledger account of a governmental entity’s general fund is:

a. Unreserved and Undesignated Fund Balance Encumbrances

b. Fund Balance Reserved for Encumbrances Encumbrances

c. Expenditures Encumbrances

d. Encumbrances Appropriations

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: