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Author Question: Which transaction of a federal agency requires a budgetary entry but not a proprietary entry? a. ... (Read 138 times)

bobbie

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on: Jul 5, 2018
Which transaction of a federal agency requires a budgetary entry but not a proprietary entry?
 
  a. Receipt of budgetary authority from the Congress, i.e., receipt of appropriation.
  b. Consumption of materials and supplies.
  c. Depreciation of fixed assets
  d. Approval and placement of purchase order

Question 2

The post-closing trial balance differs from the adjusted trial balance in that it does not
 a. take into account closing entries
  b. take into account adjusting entries
  c. include balance sheet accounts
  d. include income statement accounts


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poopface

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

D

Answer to Question 2

d


bobbie

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Reply #2 on: Jul 5, 2018
Thank you :)


poopface

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Reply #3 on: Jul 5, 2018
Happy to help you


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