13.T/F. For proper reporting of Government-wide financial statements, fund financial records have to be converted into full accrual basis.

14.T/F. For conversion of Capital Assets, specific asset accounts have to be debited and Expenditure-- Capital Outlay is Credited.

15.T/F. To convert Revenues and Expenses to Accrual basis for government-wide financial statement, Revenue Accounts and Expense Accounts have to be created and adjusting entries made.

16.T/F. Internal Service Funds are not often blended discretely in Government-wide financial statements.

17.T/F. Non-exchange revenues include resources commanded by government for which the citizens do not get anything directly in return.

18.T/F. Non-exchange transaction occurs when citizens voluntarily contribute to government projects.

19.T/F. Non-major fund according to GASB is one that is not consolidated into Fund Statement.

20.T/F. Non-expendable trust fund is an endowment fund in which the principal is not expendable but the income is expendable.