How often must the Army provide debt information for TROR reporting?

How often must the Army provide debt information for TROR reporting?

• A. Annually
• B. Quarterly
• C. Monthly
• D. Biannually

Answer: (B)

The Army is required to provide debt information for TROR (Treasury Report on Receivables) reporting on a quarterly basis. This frequency is essential to ensure that the Department of the Treasury has timely and accurate data regarding outstanding debts owed to the Army. By providing this information every three months, the Army can effectively manage its financial obligations and maintain transparency and accountability in its financial reporting. Regular updates are critical in monitoring debts, allowing for timely collection efforts and the overall management of financial resources. The quarterly reporting cycle aligns with federal financial management requirements and promotes effective oversight of the Army's receivables.

The Army is required to provide debt information for TROR (Treasury Report on Receivables) reporting on a quarterly basis. This frequency is essential to ensure that the Department of the Treasury has timely and accurate data regarding outstanding debts owed to the Army. By providing this information every three months, the Army can effectively manage its financial obligations and maintain transparency and accountability in its financial reporting. Regular updates are critical in monitoring debts, allowing for timely collection efforts and the overall management of financial resources. The quarterly reporting cycle aligns with federal financial management requirements and promotes effective oversight of the Army's receivables.