Question

A(n) ________ occurs when an authorized federal employee signs a document that legally binds the government to a future expenditure; a(n) _____________ occurs when the government check is cashed and money is withdrawn from the treasury.

Answer 1

I guess the correct answer is Obligation; outlay

An obligation occurs when an authorized federal employee signs a document that legally binds the Government to a future expenditure; an outlay occurs when the Government check is cashed and money is withdrawn from the Treasury.