Encumbrances are recorded when a purchase order is filled or a contract is executed.
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Q38: A Fair Exchange transaction is one in
Q39: Under GASB Statement 33 requirements for accrual
Q40: GASB requires that the budgetary basis of
Q41: When purchase orders are filled and the
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Q45: Expenditure is a decrease in fund financial
Q46: The modified accrual accounting used in governmental
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