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Question # 65

Which statement is TRUE about encumbrances in governmental accounting?

Options:

A.

They are liabilities on the Balance Sheet

B.

They represent commitments of resources for future expenditures

C.

They are revenues not yet collected

D.

They apply only to proprietary funds

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CGFM Overview

Name Certified Government Financial Manager
Code CGFM
Vendor Finance, Insurance and Real Est
Certification Association of Government Accountants (AGA)

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