Author Question: Which of the following budgetary accounts typically is not closed at year end? a. Unapportioned ... (Read 74 times)

awywial · **on:** Jul 5, 2018

Which of the following budgetary accounts typically is not closed at year end?

a. Unapportioned Authority
b. Expended Appropriations
c. Expired Authority
d. Commitments

Question 2

Closing entries are dated in the journal as of
a. the date they are actually journalized, although they are generally prepared after the end of the accounting period
b. the last day of the accounting period, although they are actually journalized after the end of the accounting period
c. the first day of the accounting period, although they are actually journalized well after the beginning of the accounting period
d. the first day of the subsequent accounting period