Difference between revisions of "Encumbrance"
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(Created page with "In governmental accounting, an '''encumbrance''' is the formal means of reserving funds which were appropriated during a fiscal year; however, due to timing...") |
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Revision as of 22:45, March 3, 2018
In governmental accounting, an encumbrance is the formal means of reserving funds which were appropriated during a fiscal year; however, due to timing differences the funds won't be spent until the following fiscal year.