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A city's General Fund general ledger includes accounts called Encumbrances and Outstanding Encumbrances. This indicates that the city A) Uses encumbrance accounting to better manage
A city's General Fund general ledger includes accounts called Encumbrances and Outstanding Encumbrances. This indicates that the city
A) Uses encumbrance accounting to better manage appropriations.
B) Uses a cash plus encumbrances basis of accounting.
C) Maintains its accounts on an accrual basis.
D) Reports encumbrances as expenditures in budget vs actual reporting.
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