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Under Budgetary Accounting, at What Point in the Accounting Cycle

Question 38

Multiple Choice

Under budgetary accounting, at what point in the accounting cycle is a portion of an entity's appropriation initially considered to be used up?


A) When the supplies are consumed
B) When the invoice for the supplies is paid
C) When the supplies are received from the supplier
D) When the order for supplies is placed with a supplier

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