Which of the following events will result in a journal entry being recorded in both the budgetary and proprietary accounts of a federal agency?

Question

Quizplus · Accepted Answer

Option A mentions the notification from the Treasury indicating the grant of budgetary authority to fund federal agency activities, which will result in a journal entry in the budgetary accounts. Option B mentions the receipt and approval of goods or services, which will result in a journal entry in the proprietary accounts. As both options A and B refer to events that would impact both budgetary and proprietary accounts, the correct answer is C.

Which of the Following Events Will Result in a Journal