Assume a spending bill has been passed by Congress and signed by the President.The journal entries at the agency level to record this event will include:

Question

Quizplus · Accepted Answer

A credit would be made to the account Unexpended Appropriations to record the funds that have been appropriated but not yet spent. The other options are not directly related to recording the passage of a spending bill.

Assume a Spending Bill Has Been Passed by Congress and Signed