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Which of the following statements refers to the government accounting feature as obligation accounting? a) It is a system prescribing the procedures for recording appropriations,
Which of the following statements refers to the government accounting feature as obligation accounting? a) It is a system prescribing the procedures for recording appropriations, allotments, and obligations b) It is based on the view that government fund is treated as the accounting entity c) It provides for the ceiling or maximum amount an agency can spend or incur in the performance of its function d) It requires government expenditures to be within the appropriation approved by the legislative body
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