G/Budgeting: 10+ Often Miscontrued Budgeting Terminologies
Learn 10+ budgeting terminologies that most accountants, budget officers and even state auditors often interchange their meaning.
Tag: Allotments
What’s the difference between Obligations and Disbursements?
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.
What’s the difference between Appropriation and Allotment?
If appropriation is a whole pizza, allotment represents a slice of the pizza.