In fiscal year 2020 the "Expenditures-2019" account represents
A) Excess expenditures in 2019 that will be offset against appropriations for 2020.
B) Goods or services received in 2019 which the government has no record of ordering.
C) Amount of expenditures for goods ordered in 2019 that were received in 2020 and chargeable to appropriations of 2019.
D) The amounts of purchase orders issued in 2019 that were intended to be paid in full from appropriations for 2020.

Question

Quizplus · Accepted Answer

The "Expenditures-2019" account represents the amount of expenditures for goods ordered in 2019 that were received in 2020 and chargeable to appropriations of 2019. This means that the government ordered goods or services in 2019 that were not received until 2020 but the expenses are still charged to the appropriations of 2019.

In Fiscal Year 2020 the "Expenditures-2019" Account Represents