Assume a federal agency has $ 150,000 of unobligated budgetary authority at the end of the fiscal year that must be returned to Treasury. The journal entry at the agency level to record this event in the proprietary accounts will include:
A. Neither a debit to the account Unexpended Appropriations nor a credit to the account Fund Balance with Treasury
B. a credit to the account Fund Balance with Treasury
C. a debit to the account Unexpended Appropriations
D. Both a debit to the account Unexpended Appropriations and a credit to the account Fund Balance with Treasury
Answer: D
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Which of the following is not a supertrend shaping the future of business?
A. More niche products. B. Traditional companies struggling with radically innovative change. C. Information becoming a competitive advantage. D. Offshore suppliers affecting U.S. business. E. Faster speed-to-market.
Clark is a soft drink salesperson who is enrolled in a vocational technology program that meets at night. From time to time, he takes off most of the day before his night class meets in order to prepare assignments that are due that evening. From an ethical standpoint, it is correct to say that Clark is:
A. moonlighting. B. cheating. C. guilty of misrepresentation. D. misusing company assets. E. acting quite ethically.
If your experience as a salesperson is typical, your close will most often take place:
A. soon before the preapproach. B. soon after buying signals have been eliminated. C. directly after the presentation. D. soon after the preapproach. E. directly after the follow-up.
Why is the discount method more costly than the simple interest method on a single-payment loan?
What will be an ideal response?