Am I debiting encumbrances and credtiing encumbrances outstanding? I'm just confusing myself. Can some one...
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Accounting
Am I debiting encumbrances and credtiing encumbrances outstanding? I'm just confusing myself. Can some one please help? The paragraph before this was recording real property taxes.
2. [Para. 4-a-2] Encumbrances were recorded in the following amounts for purchase orders issued against the appropriations indicated:
General Government $ 98,453
Public Safety 183,259
Public Works 217,675
Culture and Recreation 108,927
Total $608,314
Required: Record the encumbrances in the General Fund general journal and Detail Journal as appropriate. In the Detail Journal, select Purchase Orders from the drop down [Transaction Description] menu. You can also type in an alternative description, if desired.
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You can see the logs in the Dashboard.