Question : 99.              A Budgetary Comparison Schedule is: A)optional under GASB standards for : 1255415

 

99.              A Budgetary Comparison Schedule is:

A)optional under GASB standards for all funds.

B)required by GASB for internal management reports only; not permitted for external financial reporting.

C)required for all governmental fund types.

D)required for the General Fund, and for special revenue funds, for which an annual budget has been adopted.

100.              When a computer which is to be used by an activity accounted for by the General Fund of a governmental unit is received, it should be recorded in the General Fund as a(an):

A)Expenditure.

B)Appropriation.

C)Encumbrance.

D)Capital asset.

101.              In a budgetary entry, if Appropriations Control exceeds Estimated Revenues Control, the excess would be:

A)debited to Budgetary Fund Balance.

B)credited to Budgetary Fund Balance.

C)credited to Fund Balance-Unassigned.

D)  credited to Fund Balance-Reserved for Encumbrances.

102.              When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order, the Encumbrance Control account is:

A)debited for the estimated price on the purchase order.

B)credited for the estimated price on the purchase order.

C)debited for the actual price for the supplies received.

D)credited for the actual price of the supplies received.

103.              If Budgetary Fund Balance was debited in the process of recording a budget for the General Fund of a governmental unit, it can be assumed that:

A)Estimated Revenues exceed Appropriations.

B)Estimated Expenses exceed Actual Revenues.

C)Actual Expenses exceed Estimated Expenses.

D)Appropriations exceed Estimated Revenues.

104.              The Budgetary Fund Balance — Reserve for Encumbrances account is properly considered to be a(an):

A)current liability.

B)expenditure.

C)long-term liability.

D)None of the above.

105.              A certain government passed its budget for the fiscal year ended December 31, 2014.  Estimated Revenues amounted to $13,000,000; Appropriations amounted to

$11,900,000; Estimated Other Financing Uses amounted to $700,000; and Estimated Other Financing Sources amounted to $200,000. In the budgetary entry (combining entry):

A)Budgetary Fund Balance would be credited for $3,200,000.

B)Budgetary Fund Balance would be credited for $600,000.

C)Budgetary Fund Balance would be debited for $3,200,000.

D)Budgetary Fund Balance would be credited for $1,600,000.

106.              Budgetary Fund Balance — Reserve for Encumbrances (current year) in excess of a balance of Encumbrances Control indicates:

A)An excess of Vouchers Payable over Encumbrances Control.

B)An excess of purchase orders released over invoices received.

C)An excess of invoices received over purchase orders released.

D)A recording error.

107.              Which of the following results in an expenditure?

A)Place a purchase order.

B)Receive goods previously ordered.

C)Receive an invoice on goods previously received.

D)Payment of an invoice previously received.

108.              Which of the following results in an encumbrance?

A)Place a purchase order.

B)Receive goods previously ordered.

C)Receive an invoice on goods previously received.

D)Payment of an invoice previously received.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more