Which of the Following Events Will Result in a Journal

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) OMB establishes the amount of the total appropriation that the agency may expend in the first quarter.
B) Goods or services are received and approved for payment.
C) Both (a) and (b)
D) Neither (a) nor (b)