Encumbered expenditure open item

Encumbered expenditure open item,

Definition of Encumbered expenditure open item:

  1. A record found in an accounting ledger which represents a planned or obligated expenditure. When the encumbered expenditure open item is placed in the ledger, the amount required to fund the item is set aside and is accounted for as an obligation. See also open item.

Meaning of Encumbered expenditure open item & Encumbered expenditure open item Definition