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Which is true about the second necessary expense rule an expenditure must not be prohibited by law?

The second necessary expense rule states that an expenditure must not be prohibited by law, meaning it must be legal and not violate any regulations or restrictions. It ensures that any necessary expenses claimed are permissible and within the boundaries of the law.


The three-part test to determine whether an expenditure is proper under the Purpose Statute consists of the following parts?

A. The "Purpose Statute" provides that agencies shall apply appropriations only to the objects for which the appropriations were made, except as otherwise provided by law. 31 U.S.C. § 1301(a). B. Three-Part Test for a Proper Purpose. The Comptroller General has determined the following three conditions must be met in order to expend appropriated funds: 1. The expenditure of an appropriation must be for a particular statutory purpose, or necessary and incident to the proper execution of the general purpose of the appropriation. 2. The expenditure must not be prohibited by law. 3. The expenditure must not be otherwise provided for; it must not fall within the scope of some other appropriation.


How do you use expenditure in a sentence?

They invent illegal modes of expenditure; and what do they or their wives care about the law?


What is the format for capital expenditure?

The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.


What is the format for capital expenditure budget?

The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.


what is the Antonym for prohibited?

Law


What are the differences between capital expenditure and revenue expenditure?

it must increase the value of the assets in must increase the capacity it must shown in the balance sheet must be depreciated amount must be comparatively huge


What is meant by prohibited by law?

Simply that there is some form of statute (formal law passed by a parliament) which outlaws an action. If a law saws "do not drive on the left" then driving on the left is "prohibited by law". It is, to be honest, a bit of a tautology!


If you are a felon can you have bb guns?

Not prohibited by Federal law, MAY be prohibited by state law, or limits placed on parole. Check with your local law enforcement.


Define prohibited drugs?

Prohibited drugs are drugs that aren't allowed by law.


What are the 5 difference between capital expenditure and revenue expenditure?

it must increase the value of the assets in must increase the capacity it must shown in the balance sheet must be depreciated amount must be comparatively huge


Prohibited by law or treaty from being imported or exported?

Goods prohibited by law or treaty from being imported or exported, Illegal traffic in contraband; smuggling.