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The difference between an expenditure and an encumbrance is ? Multiple Choice An encumbrance is an expended expenditure. An expenditure is the actual amount of

The difference between an expenditure and an encumbrance is

?

Multiple Choice

An encumbrance is an expended expenditure.

An expenditure is the actual amount of an authorized liability and encumbrances

are estimates.

Expenditures are estimates and encumbrances are not.

Enterprise funds record expenditures, but do not record encumbrances.

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