When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of the goods.

Question

Quizplus · Accepted Answer

The encumbrance is reversed at the original encumbered amount, not the invoiced amount. Any difference is adjusted in the budgetary accounts.

When Goods for Which an Encumbrance Has Been Recorded Are