Cash Receipts and Cash Disbursement Budgets for a Government

question 56

Multiple Choice

Cash receipts and cash disbursement budgets for a government:

• A) Should be prepared for all funds for the entire fiscal year.
• B) Should be prepared monthly or as needed to enhance cash management, investment management, and short-term debt management.
• C) Should be prepared for only those funds for which appropriations budgets are required by law to be prepared on the accrual basis or the modified accrual basis.
• D) Should be prepared for only those funds for which appropriations budgets are not required by law.

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Definitions:

Transatlantic Slave Trade

The forced transportation of Africans to the Americas to work as slaves from the 16th to the 19th century, a key component of the global slave trade system.

Britons

Refers to the people from Great Britain.

Eighteenth-Century Chesapeake

Refers to the region around the Chesapeake Bay, including Virginia and Maryland, during the 1700s, known for its tobacco plantation economy and reliance on slave labor.