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