89.Which of the following items would typically
notneed an encumbrance?
A)New Building
B)Regular Salaries
C)New Computer
D)Office Equipment
90.Revenues of governmental fund types should be recognized when:
A)collected in cash.
B)authorized by the budget ordinance.
C)taxes become delinquent.
D)measurable and available.
91.Wages that have been earned by the employees of a governmental unit, but not paid at year-end, should be recorded in the General Fund by a debit to which of the following accounts?
A)Appropriations.
B)Encumbrances.
C)Expenses.
D)Expenditures.
92.The Revenues account of a government is credited when:
A)the budget is recorded in the accounts.
B)property taxes are collected.
C)property taxes are levied.
D)budgetary accounts are closed at the end of the year.
95. The Fire Department of a given city received an appropriation in the amount of $15,000,000 for the fiscal year ended June 30, 2015. During the month ended July 31, 2014, the following transactions occurred: (a) purchase orders were issued in the amount of $650,000; (b) purchase orders, related to (a) above, were filled in the amount of $610,000; the related invoice amount was $595,000; invoices were paid in the amount of $550,000; (c) salaries were accrued and paid in the amount of $600,000. The balance available for the fire department as of July 31, 2014 is:
A)$13,740,000.
B)$13,765,000.
C)$13,800,000.
D)$13,840,000.
93.The Police Department of a given city received an appropriation in the amount of $8,000,000 for the fiscal year ended June 30, 2015. During the month ended July 31, 2014, the following transactions occurred: (a) purchase orders were issued in the amount of $500,000; (b) purchase orders, related to (a) above, were filled in the amount of $490,000; the related invoice amount was $495,000; invoices were paid in the amount of $450,000; (c) salaries were accrued and paid in the amount of $475,000. The balance available for the police department as of July 31, 2014 is:
A)$7,065,000.
B)$7,025,000.
C)$7,020,000.
D)$6,575,000.
94.An example of expenditure classification by
objectwould be:
A) Current.
B)Public safety.
C)Police department.
D)Salaries.
95.In a budgetary entry (combining entry), if Estimated Revenues Control exceeds Appropriations Control, the excess would be:
A)credited to Fund Balance-Unreserved.
B)debited to Fund Balance-Unreserved.
C)debited to Budgetary Fund Balance.
D)credited to Budgetary Fund Balance.
96.A Budgetary Comparison Schedule is:
A)optional under GASB standards for all funds.
B)required by GASBfor 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.
97.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)Encumbrance.
B)Appropriation.
C)Expenditure.
D)Capital asset.
98.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.