Author Question: What does a credit balance in the account Allotments realized resources show? a. The agency's ... (Read 125 times)

dbose · **on:** Jul 5, 2018

What does a credit balance in the account Allotments realized resources show?

a. The agency's cash balance with the Treasury.
b. The amount available to a department for allotment to an agency
c. The amount of goods or services ordered by an agency but not received.
d. The amount of resources available to an agency for obligation or commitment.

Question 2

When assets are recorded at original value, they are recorded under the
a. historical cost principle.
b. original principle.
c. current principle.
d. value principle.