16.The expenditures control account of a governmental unit is debited when:

The invoice is paid.

The budget is recorded.

Supplies are ordered.

Supplies previously encumbered are received.

17.The special revenue fund of a governmental unit is an example of what type of fund?

Governmental.

Proprietary.

Fiduciary.

Internal service.

18.The account "interfund transfers in" would be classified in a general fund statement of revenues, expenditures, and changes in fund balance as a (an):

Revenue.

Current liability.

Fund balance addition.

Other financing source.

19.When equipment that is to be used by an activity accounted for by the general fund of a governmental unit is received, it should be recorded in the general fund as a (an):

Disbursement.

Appropriation.

Encumbrance.

Expenditure.

20.In an interim balance sheet of a government fund, the fund equity section would not include:

Encumbrances outstanding.

Contributed capital.

Available appropriations.

Reserve for inventory.

21. An interfund transfer should be reported in a governmental fund operating statement as a (an):

Change in fund balance.

Other financing source or use.

Revenue or expenditure.

Due from or to other funds.

22.Which of the following accounts appears on both the interim and year-end balance sheets of the general fund?

Appropriations.

Encumbrances.

Revenues.

Encumbrances outstanding.

23.The fund balance of the general fund will be increased by the closing entry when:

Appropriations are more than expenditures and vouchers payable.

Appropriations are more than expenditures and encumbrances.

Appropriations are less than expenditures and encumbrances.

Appropriations are less than estimated revenues.

24.The general fund received $200,000 in lieu of taxes from the city owned water utility, an enterprise fund. This is an example of a (an):

Reimbursement.

Interfund loan.

Interfund transfer.

Internal exchange or quasi-internal exchange.

25.What would be the effect on the general fund fund balance in the current fiscal year of recording a $5,000 expenditure for a new computer, for which a $4,900 encumbrance had been recorded in the general fund in the previous fiscal year?

Reduce the general fund fund balance by $5,000.

Reduce the general fund fund balance by $4,900.

Reduce the general fund fund balance by $100.

Have no effect on the general fund fund balance.