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Author Question: When a federal agency receives supplies that have been ordered previously, what kind of entry (or ... (Read 74 times)

nummyann

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on: Jul 5, 2018
When a federal agency receives supplies that have been ordered previously, what kind of entry (or entries) is (or are) required?
 
  a. both a budgetary and a proprietary entry
  b. only a proprietary entry
  c. only a budgetary entry
  d. neither a budgetary nor a proprietary entry

Question 2

At what point in the budgetary cycle does an agency record a decrease (a debit) to the account Allotments  realized resources?
 
  a. When the Office of Management and Budget makes an apportionment.
  b. When the Department makes a quarterly allotment to the agency.
  c. When the agency uses commitment accounting and makes a commitment for supplies.
  d. When the agency uses supplies from its inventory.


jlaineee

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

a

Answer to Question 2

c


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