Question
At the end of the 2017 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2018. In 2018 the
| At the end of the 2017 fiscal year the General Fund had $500 in encumbrances that remained opened into fiscal year 2018. In 2018 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2018 expenditure? |
| $520. |
| $20. |
| $500. |
| $0. |
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
