Question

When an appropriation is expired, accounts, funds remain available for ____ or _____ adjustments for 5 years. At the end of the fifth year, the expired account is canceled.

a) obligations, expenditure
b) disbursements, obligations
c) obligations, upward
d) downward, upward

Answer 1

When an appropriation is expired, accounts and funds remain available for obligations or expenditure adjustments for 5 years. At the end of the fifth year, the expired account is canceled.

Step-by-step explanation:

When an appropriation is expired, accounts and funds remain available for obligations or expenditure adjustments for 5 years.

At the end of the fifth year, the expired account is canceled.