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16. To close Encumbrances at the end of the year which of the following entries should be made? a) Debit Encumbrances; Credit Fund Balance b)

16. To close Encumbrances at the end of the year which of the following entries should be made? a) Debit Encumbrances; Credit Fund Balance b) Debit Reserve for Encumbrances; Credit Encumbrances Oc) Debit Fund Balance; Credit Encumbrances d) No closing journal entry needed

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