This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements is true about control accounts? a. control accounts are used to ... (Read 85 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
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
Answer to Question 1

b

Answer to Question 2

a




@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it


scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library