To close Encumbrances at the end of the year which of the following entries should be made?
A) Debit Encumbrances; Credit Fund balance.
B) Debit Reserve for encumbrances; Credit Encumbrances.
C) Debit Fund balance; Credit Encumbrances.
D) No closing entry needed.

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The Answer of To close Encumbrances at the end of the year which of the following entries should be made?
A) Debit Encumbrances; Credit Fund balance.
B) Debit Reserve for encumbrances; Credit Encumbrances.
C) Debit Fund balance; Credit Encumbrances.
D) No closing entry needed.

To Close Encumbrances at the End of the Year Which