10461 ACCOUNT NO. 5350 - RESERVE FOR ENCUMBRANCES
(Revised 5/87)
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:
| Entry No. |
Debits |
Entry No. |
Credits |
3. Claims that liquidate encumbrances are scheduled for payment.
4. Funds are transferred to the State Payroll Revolving Fund for the payment of agency payrolls.
16. Controller's Journal Entry is received for recording payment of printing services.
17. Advance is made to a construction agency.
A-8. The reserve for encumbrances is closed at the end of the fiscal year. |
2. Encumbrance documents are issued and adjusted.
A-8R The reserve for encumbrances of continuing appropriations is reestablished as of July 1 of the new fiscal year. |
