This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is true about control accounts? a. control accounts are used to ... (Read 98 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jul 5, 2018
Which of the following statements is true about control accounts?
 
  a. control accounts are used to control amounts spent during the year
  b. control account totals must equal the total of the individual subsidiary accounts
  c. control accounts are used to limit the amounts of liabilities incurred during the year
  d. control accounts avoid the need for making postings to ledgers.

Question 2

Which of the following is the correct sequence of activities within the federal budgetary accounting cycle?
 
  a. appropriation, apportionment, allotment, obligation
  b. obligation, allotment, apportionment, appropriation
  c. allotment, obligation, appropriation, apportionment
  d. apportionment, allotment, obligation, appropriation


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

a


@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Jul 5, 2018
:D TYSM

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Overview of points of control for gene regulation in (a) prokaryotes and (b) eukaryotes Overview of points of control for gene regulation in (a) prokaryotes and (b) eukaryotes
Brain signals that control hunger. Brain signals that control hunger.
Successful biological control of leafy spurge. Successful biological control of leafy spurge.
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Control you knife with one hand and hold the item being cut with the other (1 of 3) Control you knife with one hand and hold the item being cut with the other (1 of 3)
Control you knife with one hand and hold the item being cut with the other (2 of 3) Control you knife with one hand and hold the item being cut with the other (2 of 3)
Video: The life cycle of protein

For a complete list of videos, visit our video library