This rule falls into the punctuation category; and it states, “When the last word in a sentence is abbreviated, one period will suffice.” A.M. is an abbreviated form for ante meridian, so it needs only one period if it falls at the end of a sentence. The same might apply to Esq., etc., or A.S.A.P.
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My question involves capitalization. Which of the following sentences is correct?
1. The secretary asked President Jones to instruct the finance committee to sunmit its budget to the board of directors.
2. The Secretary asked President Jones to instruct the Finance Comittee to submit its budget to the Board of Directors.