Which Transaction of a Federal Agency Does Not Require Both

question 17

Multiple Choice

Which transaction of a federal agency does not require both budgetary and proprietary entries?

• A) Receipt of budgetary authority from the Congress, i.e., receipt of appropriation.
• B) Payment of liabilities.
• C) Accrued salaries and benefits.
• D) Receipt of fixed assets or material ordered.

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Definitions:

Owner

An Owner is the individual or entity that legally holds the rights to possess, use, and dispose of property, assets, or a business.