| |
GeekInterview.com > Interview Questions > Oracle Apps > GL
| Print | |
Question: What is Budget and Encumbrance ?
|
| June 06, 2009 06:52:27 |
#1 |
| subapr2002 |
Member Since: July 2008 Total Comments: 3 |
RE: What is Budget and Encumbrance ?
|
Budget:
A predefined amount in the picture to control the companies expenses like what we do budgetting at home.We allocate some defined amount to spend ,so we target to not to exceed this.This is called Budgetting.
Encumbrance:
Eventhough we define a budget some unpredicted expenses will come and affect the budgetting.This is called Encumbrance |
| |
Back To Question | |
