Question: The congress appropriates 5 million to fund the fiscal year
The congress appropriates $5 million to fund the fiscal year 2013 activities of a bureau within a department. Can the bureau director immediately place a purchase order to buy needed supplies? If not, why not?
Answer to relevant QuestionsWhat are the jurisdictions of the accounting standards- setting bodies: GASB, FASAB, and FASB? (Use of funds in governmental accounting) On Election Day, the citizens of a small village voted affirmatively on the following proposition: “To authorize the sale of $ 3,000,000 in bonds for the purpose of constructing a ...What financial statements must be prepared by all VHWOs and ONPOs? What additional financial statements must be prepared by VHWOs? For each of the following events affecting Vicky’s Day Care Center in E15- 2, identify the accounts that would be increased and those that would be decreased: 1. The first of the 2 months for which rent had been paid, ...Write the accounting equation.
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