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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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