What Is the Correct Sequence in the Expenditure Process in Governmental

question 26

Multiple Choice

What is the correct sequence in the expenditure process in governmental accounting?

• A)Appropriation,Encumbrance,Expenditure,and Disbursement.
• B)Encumbrance,Expenditure,Disbursement,and Appropriation.
• C)Expenditure,Encumbrance,Disbursement,and Appropriation.
• D)Appropriation,Expenditure,Encumbrance,and Disbursement.

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Definitions:

Affirmation

A positive statement or declaration, often used in the context of legal oaths.

In Pari Delicto

In equal fault.

Illegal Agreement

A contract or agreement that is not enforceable by law because it involves activities that are against the law or public policy.

Voidable

Voidable refers to a legal contract or transaction that is valid and enforceable on the surface but may be declared void by one of the parties due to certain defects or conditions.