Which of the following sentences contains at least one error?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 9DQ
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Which of the following sentences contains at least one error? a. The department must finalize the fiscal year's budget by
the end of the week. b. All new expenditures must be approved by management until the new budget is finalized. c. All
travel reimbursements must be submitted by this Friday. d. Each unit is responsible for reconciliation of it's budget.
Transcribed Image Text:Which of the following sentences contains at least one error? a. The department must finalize the fiscal year's budget by the end of the week. b. All new expenditures must be approved by management until the new budget is finalized. c. All travel reimbursements must be submitted by this Friday. d. Each unit is responsible for reconciliation of it's budget.
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