Which of the Following Events Will Result in a Journal

question 78

Multiple Choice

Which of the following events will result in a journal entry being recorded in both the budgetary and proprietary accounts of a federal agency?

• A) Goods or services are received and approved for payment.
• B) OMB establishes the amount of the total appropriation that the agency may expend in the first quarter.
• C) Neither a nor b
• D) Both a and b

---

Definitions:

Sale of Goods

A transactional agreement between a seller and a buyer for the exchange of personal property for a certain price.

Complete Construction

The process of finishing a building or construction project in all its parts, fully executed according to the plan and specifications.

Suit

A legal action taken by one party against another in a court of law.

Lakefront Property

Real estate located directly on the edge of a lake, often highly valued for its scenic views and access to water-based activities.