The general ledger journal entry in the General Fund to record actual expenditures and reversal of the associated encumbrance would include:

Question

Quizplus · Accepted Answer

The general ledger journal entry in the General Fund to record actual expenditures and reversal of the associated encumbrance would include two entries; first, a debit to Budgetary Fund Balance - Reserve for Encumbrances and a credit to Encumbrances Control and second, a debit to Expenditures Control and credit to Accounts Payable.

The General Ledger Journal Entry in the General Fund to Record