When a federal agency receives supplies that have been ordered previously,what kind of entry (or entries)is (or are)required?

Question

Quizplus · Accepted Answer

When a federal agency receives supplies that have been previously ordered, both a budgetary and a proprietary entry are required. The budgetary entry reflects the obligation of federal funds, while the proprietary entry records the actual financial transaction, such as the receipt of assets or the incurrence of a liability.

When a Federal Agency Receives Supplies That Have Been Ordered