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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 24: Governmental Accounting: Basic Principles and the General Fund
  5. Question
    A Commitment Made to Acquire Goods or Services Is Referred
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A Commitment Made to Acquire Goods or Services Is Referred

Question 48

Question 48

Short Answer

A commitment made to acquire goods or services is referred to as a(n) ___________________________________ in governmental accounting.

Correct Answer:

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