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Author Question: Which of the following does not account for the differences between budgetary resources used by a ... (Read 64 times)

Beheh

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on: Jul 5, 2018
Which of the following does not account for the differences between budgetary resources used by a Federal agency and the agency's net cost of operations?
 
  a. depreciation of equipment acquired in a previous year
  b. requisitions for supplies needed but not ordered
  c. supplies received during the year but not used
  d. accrual of a liability that had not been funded

Question 2

Under the ___________________ _ principle, assets are recorded at their actual cost, and this cost remains on the books as long as the business owns an asset.
 Fill in the blank(s) with correct word


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parker125

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

historical cost


Beheh

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Excellent

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