Which of the following depict the typical order of steps in the acquisition of goods and services by an activity accounted for by the General Fund?

Question

Quizplus · Accepted Answer

The typical order of steps in the acquisition of goods and services by an activity accounted for by the General Fund is appropriation first, followed by encumbrance, then expenditure, and finally disbursement. This ensures that the budget is approved and funds are reserved before the goods and services are acquired, and that the payment is made only after the services have been received. Therefore, option B, which lists the correct order of steps, is the best choice.

Which of the Following Depict the Typical Order of Steps