When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of the goods. a. trueb. false

Question

Business

Rebecca Wall

8 March, 00:04

When goods for which an encumbrance has been recorded are received at an invoiced amount that varies from the amount encumbered, the encumbrance is reversed in the amount of the actual invoiced cost of the goods. a. trueb. false

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Clover · Answer 1

false

Explanation:

The encumbrance is the right or the legal interest that prohibits the passing of the titles and diminished its values and they may be financial legal and equity-based and theses includes the securities, interest and liens And encroachments and restrictions and used for the managerial accounting purposes and allows the organization to make a future commitment to resources.