What is the identifier used for Accrued Expenditures Paid transactions?

Prepare for the FOB105 Financial Management Body of Knowledge Test. Utilize flashcards and multiple-choice questions with hints and explanations. Get exam-ready now!

The identifier used for Accrued Expenditures Paid transactions is USSGL 490200. This identifier is part of the United States Standard General Ledger (USSGL) system, which provides consistent accounting and financial reporting practices across federal government agencies.

Accrued Expenditures Paid refers to the amount that has been recognized as an obligation but has not yet been disbursed. The use of USSGL 490200 specifically captures these types of transactions in the federal accounting system, ensuring that they are properly reflected in the financial statements and reports. This identifier allows for accurate tracking and reporting of expenditures that have been incurred but not yet paid, which is an important aspect of financial management in ensuring that agencies maintain accurate and accountable financial records.

The other identifiers represent different types of accounts or transactions. For example, USSGL 425100 and USSGL 422100 relate to different categories of revenue and expenses that do not specifically align with accrued expenditures, thus reinforcing why USSGL 490200 is the correct choice for this classification.

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