What is the name of the organization that promulgates accounting standards for the federal government? O GASB FASB FASAB O AICPA Question 2 What is the name of the organization that promulgates accounting standards for state and local governments? GASB FASAB FASB AICPA D | Question 3 What is the name of the organization that promulgates accounting standards for FAS AICPA FASAB GASB Question 4 At the federal level, which of the following is equivalent to an encumbrance at the state and local level? Obligation O Allotment D Question 5 Which of the following organizations makes the actual payments for goods and services purchased by federal agencies? O US. Congress U.S. Treasury The Agency or Department e Offce of Management and Budget (OMB) DQuestion 6 The Federal budgetary equation is: etsabities+ fund balance