At year-end,the balance of Expenditures and Encumbrances accounts are closed to:

Name: At year-end,the balance of Expenditures and Encumbrances accounts are closed to:
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The balance of Expenditures and Encumbrances accounts are closed to the Fund Balance because it represents the amount of funds remaining after all liabilities and expenses have been paid. The Fund Balance is the amount of money available for future spending and represents the financial resources of the government entity.

At Year-End,the Balance of Expenditures and Encumbrances Accounts Are Closed