Question

What chapter and section of the NAVSUP 727, Navy Cash SOP procedures for EOM closeout?

a. Chapter 5, Section 2
b. Chapter 6, Section 1
c. Chapter 7, Section 3
d. Chapter 8, Section 4

Answer 1

The procedures for EOM closeout in the NAVSUP 727 are found in Chapter 6, Section 1. This chapter is crucial for accurate financial accounting of Navy Cash transactions.

Step-by-step explanation:

The section of the NAVSUP 727, Navy Cash Standard Operating Procedures (SOP), which details the procedures for End of Month (EOM) closeout, is found in Chapter 6, Section 1. The document is designed to ensure that all financial activities related to Navy Cash transactions are properly accounted for and reconciled at the end of each month. Adhering to the procedures established in this chapter helps ensure accuracy in financial reporting and compliance with regulations.