Which one of the following actions requires both budgetary accounting and proprietary accounting entries in an agency's accounts?
A) agency records obligation based on a contract for supplies
B) agency records year-end accrual for funded salaries
C) agency asks Treasury to pay invoice for supplies
D) agency uses supplies previously recorded as supplies inventory
Correct Answer:
Verified
Q11: What is the name of the entity
Q12: When do federal agencies make an entry
Q13: Name the two major categories of funds
Q14: Which of the following actions will reduce
Q15: When are expenses and liabilities recognized for
Q16: What is the rule regarding depreciation of
Q18: What basis of accounting is used in
Q19: Which of the following does not account
Q20: Which of the following statements is false?
A)Depreciation
Q21: State whether each of the following are
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