The entry to remove the budgetary accounts relating to encumbrances outstanding at year-end requires a credit to the Estimated Encumbrances account.
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Q68: Under the GASB codification, encumbrances outstanding at
Q69: The authorization to spend a specified amount
Q70: When an encumbrance outstanding at year-end lapses,
Q71: Encumbrances accounting is part of budgetary accounting.
Q72: Commitments related to unperformed contracts for goods
Q74: The entry to remove the budgetary accounts
Q75: The entry to reestablish budgetary control over
Q76: In governmental financial reporting, legal provisions do
Q77: Under the GASB codification, a Statement of
Q78: Interfund services provided and used are reported
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