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- 1. Multiple ChoiceWhat does GAAP stand for?generally accepted accounting principlesgenerally accepted accounting peoplegenerally applicable accounting principlesgeneralized accounting and practice
- 2. Multiple ChoiceWhat are the three main categories of functions and accounts?General, Private, FixedGovernmental, Property, FiscalGovernmental and FiduciaryGovernmental, Proprietary, Fiduciary
- 3. Multiple ChoiceWhich group controls the principles of accounting?Governmental Accounting Standards BoardLEAA certified public accountantTaxpayers
- 4. Multiple ChoiceWhat is an example of a Proprietary Fund?General FundFood Service FundBenefit Trust Fund
- 5. Multiple ChoiceThe Special Revenue Fund falls under which category?GovernmentalProprietaryFiduciary
- 6. Multiple ChoiceCapital Project Funds fall under which category?GovernmentalProprietaryFiduciary
- 7. Multiple ChoiceAn Internal Service Fund Type is part of which category?GovernmentalProprietaryFiduciary
- 8. Multiple ChoiceAn Investment Trust Fund is an example of what type of fund?GovernmentalProprietaryFiduciary
- 9. Multiple ChoiceWhat is the minimum number of information categories need for an internal budget report?3456
- 10. Multiple ChoiceAn outstanding purchase order is?EndowmentEncumbranceAccrual
- 11. Multiple ChoiceWhat is an ASN?Accounting Specific NumberAssigned Special NumberAssigned Serial Number
- 12. Multiple ChoiceWhat is the LECs recommendation for the length of an account number?13192330
- 13. Multiple ChoiceWhat is the equation for a balance sheet?Assets = Liabilities + Fund BalanceAssets + Liabilities = Fund BalanceFund Balance X Assets = LiabilitiesLiabilities/Assets = Fund Balance
- 14. Multiple ChoiceIntroductory, Financial and Statistical are the three main components of what?Auditor's ReportComprehensive Annual Financial ReportSingle AuditGovernmental Fund
- 15. Multiple ChoiceFinancial Audits, Single Audits, Program Specific Audits, Performance Audits and Auditor General Audits are all examples of what?Balance SheetLiabilitiesAudit Engagements
- Answer choicesTagsAnswer choicesTags