Make it unique Account/Govt/Non-Profit Entities

1.How do you think encumbrances outstanding at year-end treated if they will be honored in the upcoming year, i.e., when preparing the statement or schedule of revenues, expenditures, and changes in fund balances on a budgetary basis?

2.Why do you think differences exist between the amount of property tax revenues recorded for the current year by governmental funds and the amount of property tax revenues recorded for the current year for governmental activities in a given year?

Reference

Jacqueline, L.R., Suzanne, L.L.,

& Daniel, G.N. (2019). Accounting for governmental & nonprofit entities

(18th ed.). McGraw-Hill Education.

Thank you