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Which of the following is true? A. An encumbrance is a contractual commitment relating to an existing appropriation. B. An encumbrance is a liability appearing

Which of the following is true?

A. An encumbrance is a contractual commitment relating to an existing appropriation.

B. An encumbrance is a liability appearing on the balance sheet.

C. An encumbrance is an expenditure.

D. None of the above are true.

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