Unformatted text preview: 2-Yes it is in financial section. (P.112) 3-No they don’t. They just include adjustments for current year encumbrances and payments against prior year’s encumbrances.(p.108) 4-Payments for encumbrances involve for prior year’s encumbrances. They record it after they receive it. They need to be rebudgeted and adjusted.(p.108)...
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This note was uploaded on 10/21/2008 for the course ACCT 4377 taught by Professor Khumuwala during the Spring '08 term at University of Houston.
- Spring '08