Reference no: EM132919147

Question 1. The basis of accounting in which transactions and events are recognized in the accounting records and in the financial statements of the period to which they relate.

a. Cash basis
b. Accrual basis
c. Installment basis
d. Modified basis

Question 2. This refers to a government agency, department of operating field unit:

a. Entity
b. Corporation
c. Partnership
d. Proprietor

Question 3. The financial plan of the government for a given period, usually for a year, which shows what its resources are, and how they will be generated and used over the fiscal period.

a. Fund plan
b. Master plan
c. Government plan
d. Budget

Question 4. Comprise all funds derived from the income of any agency of the government and available for appropriation or expenditure in accordance with law.

a. Special fund
b. General fund
c. Petty cash fund
d. Revenue fund