Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 17, Problem 15.9EP

Fund Balance with the Treasury would be considered equivalent to which of the following accounts?

  1. a.      Cash.
  2. b.      Other Appropriations Realized.
  3. c.       Allotments.
  4. d.      Both a and b.
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A financial plan which serves as a framework of accounts A. Appropriation act B. Budget C. Obligational authority D. Allotment request E. Cash disbursement ceiling
Which one of the following equations will yield the available balance in an expenditure subsidiary ledger account?a. Appropriations  Expenditures Totalb. Appropriations  Encumbrances Balancec. Appropriations  Expenditures Total  Encumbrances Balanced. Appropriations  Expenditures Total þ Encumbrances Balance
Which of the following terms refers to a budgetary account, rather than actual account a. Unreserved Fund Balance b. Estimated revenue c. Revenue d. Expenditure
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