Explain the purposes of encumbrance accounting. Might encumbrance accounting be used by commercial enterprises?

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Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

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Question Posted: Mar 16, 2015 12:14 PM

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Explain the purposes of encumbrance accounting. Might encumbrance accounting be used by commercial enterprises?

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Since the amount of an appropriation cannot be legally exceeded the placing of purchase orders and t...View the full answer

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