Question

The cash total remaining on the AFMIS system should be what at the end of each month (accounting period)?

Answer 1

At the end of each month, the cash total on the AFMIS system should reflect the current account balance, which is obtained by summing up the columns for Exports, Imports, and Balance.

Step-by-step explanation:

The question pertains to the remaining cash total in the Army Food Management Information System (AFMIS) at the end of an accounting period. At the end of each month, the cash total in the AFMIS should reflect the current account balance. This balance is determined by summing up the columns for Exports, Imports, and Balance, where the final balance number indicates the current account balance. It is crucial that this balance is accurate, as it represents the financial position of the entity at the end of the month.

Learn more about AFMIS Current Account Balance