A Certain Federal Agency Placed an Order for Office Supplies

question 54

Multiple Choice

A certain federal agency placed an order for office supplies at an estimated cost of $14,400. Later in the same fiscal year these supplies were received at an actual cost of $14,800. Assume commitment accounting is not used by this agency. At the time the order is received, what is the net effect on the budgetary and proprietary track accounts?

• A) Budgetary Accounts: $14,400; Proprietary Accounts: $14,400.
• B) Budgetary Accounts: $14,400; Proprietary Accounts: $14,800.
• C) Budgetary Accounts: $400; Proprietary Accounts: $14,800.
• D) Budgetary Accounts: $0; Proprietary Accounts: $14,800.

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Definitions:

Membrane Potentials

The electrical potential difference across a cell's plasma membrane, critical for the propagation of nerve impulses and muscle contraction.

Albumin

A type of protein in the blood plasma responsible for maintaining osmotic pressure in the blood vessels and transporting substances.

Plasma Protein

Proteins found in blood plasma that perform many roles, including clotting, defense against disease, and transport of substances.

Osmosis

The spontaneous movement of solvent molecules through a semi-permeable membrane from a region of low solute concentration to a region of high solute concentration to equalize the concentrations on both sides of the membrane.