1 = Which of the following is a budgetary account?

A : Other Financing uses, B: Encumbrances, C: Expenditures, D; Revenue.

2= The fund balance section of the govermental funds operating statements includes?

A: Unrestrictive fund balance, B; net investment in capital assets, C; net position, D: Unassigned fund balance.

3:The revenue account of a state or local goverment is credited when?

A: Property taxes are recorded, B; Property taxes are collected, C The budget is recorded at the begining of the year, D: The account is closed at the end.

4- Which of the following accounts is classified as a budgetary account rather than an operating statement account?

A:Revenues, B: Other Financial Uses. C: Appropriations, D: Expenditures

5- Which of the following would NOT be reported on the balance sheet for the General Fund or other govermental Funds types?

A: Taxes receivable, B: inventory of materials and supplies, C net investment in capital assets, D; Accounts payable