ACCOUNT NO. 5350, RESERVE FOR ENCUMBRANCES - 10461
Normal Balance: Credit
Purpose: This account is contra to Account No. 6150, Encumbrances.
Subsidiaries: Allotment-Expenditures Ledger, File of Open Estimates (Same as Account No. 6150)
Normal Entries:
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Entry No. |
Debits |
Entry No. |
Credits |
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3. |
Claims that liquidate encumbrances are scheduled for payment. |
2. |
Encumbrance documents are issued and adjusted. |
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4. |
Funds are transferred to the State Payroll Revolving Fund for the payment of agency payrolls. |
A-8R |
The reserve for encumbrances of continuing appropriations is reestablished as of July 1 of the new fiscal year. |
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16. |
Controller's Journal Entry is received for recording payment of printing services. |
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17. |
Advance is made to a construction agency. |
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A-8 |
The reserve for encumbrances is closed at the end of the fiscal year. |
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Revisions
No Revisions for this item.