The term obligation is commonly used in federal government accounting. What is an obligation, and what is

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The term obligation is commonly used in federal government accounting. What is an obligation, and what is its equivalent in state and local government accounting?

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Question Posted: Jun 05, 2015 09:59 AM

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The term obligation is commonly used in federal government accounting. What is an obligation, and what is

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An obligation represents budgetary authority earmarked for a spec...View the full answer

Introduction to Governmental and Not for Profit Accounting

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