A federal agency recorded the receipt of supplies at an actual cost of $57,000. At the time the purchase orders were issued it was estimated the supplies would cost $56,000. How would this transaction be recorded in the budgetary track accounts?
A. It would not be recorded in the budgetary track; it would only be recorded in the proprietary track.
B. Debit Undelivered Orders $57,000, credit Allotments $1,000, and credit Expended Authority $56,000.
C. Debit Undelivered Orders $57,000 and credit Expended Authority $57,000.
D. Debit Undelivered Orders $56,000, debit Allotments $1,000, and credit Expended Authority $57,000.
Answer: D
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