Why are encumbrances not considered expenditures under the modified accrual (GAAP) basis of governmental fund accounting?
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Encumbrances are the expected costs of expenditures to be incurred if goo...View the full answer
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Ali Khawaja
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Related Book For 
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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