1. If an agency has an appropriation for construction for FY 2018 for $950,000,000 and the only order is for $900,000,000, and the order is on October 15, 2018 for construction of a new building, would the order be allowable?T/F
2. After an agency approves a payment to a vendor after the vendor performs work, what is the GL account that would identify operating expenses that the agency should enter?
3. Would an agency be able to pay an invoice on October 1, 2020 for an order processed on Sep 15, 2020 for a single-year fund (Budget Fiscal Year 2020)?Why or why not?
4. An agency orders equipment for $1,000, and is not making a requisition/commitment for the equipment (money is from an allocated / allotted funds).The initial debit for the order (after agreeing the order and before making payment) should be to GL account 480200.T/F
5. On January 8, 2019, Acme Federal Agency gives Beta agency $1,000 for an Interagency Agreement to provide services.Beta does not perform any work initially (through January 8), and therefore receives an advance. Would Beta credit GL account 520000 to record revenue on January 8, 2019?Why or why not?