Which of the following sentences contains at least one error?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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