The U.S. Government Uses – Cash Accounting

The U. S. government uses: cash accounting for discretionary spending and capital accounting for defense spending. cash accounting for discretionary spending and capital accounting for nondiscretionary spending. only cash accounting. only capital accounting. cash accounting for foreign assistance spending and capital accounting for domestic spending. A balanced budget requires that: politicians vote for a budget in which spending exceeds revenues in order to be eligible for reelection. a deficit in that year be smaller than that of the previous year. entitlement spending equals discretionary spending. deficit spending equals entitlement spending. total spending equals total revenue. The budget process distinguishes between: entitlement spending and deficit spending. discretionary spending and deficit spending. surplus spending and deficit spending. debt spending and surplus spending. entitlement spending and discretionary spending.

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