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A(n) ________ occurs when an authorized federal employee signs a document that legally binds the government to a future expenditure; a(n) _____________ occurs when the government check is cashed and money is withdrawn from the treasury.

User Bracadabra
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1 Answer

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I guess the correct answer is Obligation; outlay

An obligation occurs when an authorized federal employee signs a document that legally binds the Government to a future expenditure; an outlay occurs when the Government check is cashed and money is withdrawn from the Treasury.

User Ggzone
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