Describe the use of the budgetary accounts

Assignment Help Accounting Basics
Reference no: EM131704199

Question: (Use of the budgetary accounts) Following are some basic budgetary accounts used in federal accounting: Other appropriations realized Unapportioned authority Apportionment Allotments-realized resources Commitments Undelivered orders-obligations, unpaid Delivered orders-obligations, unpaid Delivered orders-obligations, paid Determine which account title best describes each of the following situations:

____ 1. Spending authority allotted but not yet committed

____ 2. Resources obligated, but goods or services not yet received

____ 3. Spending authority apportioned but not yet allotted to an agency

____ 4. Amounts paid for services and goods received

____ 5. Spending authority appropriated but not yet apportioned by the OMB

____ 6. Amounts due or accrued for services and goods received

Reference no: EM131704199

Questions Cloud

Describe three unique features of pubmed database : Describe three unique features of PubMed database that sets this database apart from other evidence-brief summary of your presentation
Discuss the efforts in europe to develop an airmail service : Discuss the efforts in Europe to develop an airmail and cargo service before World War II. Research and analyze using scholarly resources.
Discuss type of inter-modal transportation processes : benefits of RFID and GPS systems, how would either system impact any type of inter-modal transportation processes
Video on the ocai survey instrument : Based on the reading for this week, identify an artifact and a value in a work organization.
Describe the use of the budgetary accounts : Following are some basic budgetary accounts used in federal accounting: Other appropriations realized Unapportioned authority Apportionment Allotments-realized.
Respond to given advertising discussion : Respond to the discussion below (1-2 paragraphs) by entering "thought provoking question(s)," "unique answers or alternatives,"
Analyze the organization and make strategic recommendations : You are the vice president of the Netflix. You have been asked to analyze the organization and make strategic recommendations to your executive team.
Discuss politically correctness has gotten a little out : Individuals though need to not be so disturbed by others words and actions, I don't see a problem with using words that are gender specific like policeman
State whether the given assertions are true or false : Depreciation of general property, plant, and equipment is reported as an expense in the consolidated U.S. government statement of net cost.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare journal entries to record transactions

Prepare journal entries to record transactions related to compensated absences during 2016 and 2017

  Maintenance costs for a small bridge with expected 50-year

maintenance costs for a small bridge with expected 50-year life are estimated to be 1000 each year for the first 5

  The amount of ending inventory was determined using a

if anyone has an answer to an already answered similiar question it would be greatly appreciated i just want to be able

  Total obligation under capital leases

The present value at December 31, 2011 of the eight lease payments over the lease term discounted at 10% is $1,173,685. Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the total obligation under ca..

  Example of financial risk

Which one of the following is NOT an example of Financial Risk?

  Hypothesis that the population mean

To test the hypothesis that the population mean is different from a postulated value of 10.00, (i) state the appropriate null and alternative hypotheses; (ii) determine the appropriate test statistic; (iii) determine the rejection region for a h..

  Prepare journal entries for given transactions

On May 11, Smythe Co. accepts delivery of $30,000 of merchandise it purchases for resale from Hope Corporation. With the merchandise is an invoice dated May 11.

  Special-order merchandise on credit

Part 1 On July 1, 2010, Wallace Company, a calendar-year company, sold special-order merchandise on credit and received in return an interest-bearing note receivable from the customer.

  What accounting factors are important before determining

what accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and

  Wynn sheet metal reported an operating loss

Prepare the journal entry to recognize the income tax benefit of the operating loss. Wynn elects the carry back option.

  Queen dairy determined the total predetermined oh rate for

queen dairy determined the total predetermined oh rate for costing purposes is 26.80 per animalday. of this 25.20 is

  Chae corporation uses the weighted-average method in its

chae corporation uses the weighted-average method in its process costing system. this month the beginning inventory in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd