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Title: A county has $3,650,000 of outstanding encumbrances related to unassigned resour Post by: goji.go on Oct 20, 2014 A county has $3,650,000 of outstanding encumbrances related to unassigned resources at year-end, December 31, 2013. It expects to accept delivery on all orders in 2014. How should the county handle the outstanding encumbrances in its General Fund balance sheet at December 31, 2013?
a. it should report encumbrances as if they were expenditures and liabilities of the year 2013 b. it should close the open encumbrances and show them as part of unassigned fund balance c. it should close the open encumbrances and show them as part of assigned fund balance d. it should close the open encumbrances and make no adjustments to fund balance Title: Re: A county has $3,650,000 of outstanding encumbrances related to unassigned resour Post by: f_zah1 on Oct 23, 2014 Content hidden
Title: Re: A county has $3,650,000 of outstanding encumbrances related to unassigned resour Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: A county has $3,650,000 of outstanding encumbrances related to unassigned resour Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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