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A government department uses an encumbrance system to keep tabs on spending.On July 1,2013,a department employee issued a purchase order for cleaning supplies estimated to cost $500.The supplies were delivered promptly,and invoiced at $450.
-What would be the balance in the encumbrances account after payment of the invoice?

Question

Quizplus · Accepted Answer

Once the invoice is paid, the encumbrance is cleared, resulting in a nil balance in the encumbrances account.

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