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Which of the Following Events Will Result in a Journal

Question 42

Multiple Choice

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


A) Treasury notifies the agency that Congress passed legislation signed by the President granting budgetary authority to fund its activities.
B) The agency places orders for goods or services.
C) Both a and b
D) Neither a nor b

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