4. The Following is explanations to compare fund financial statement and Government wide financial statements. which of the following is not true?

a. Statement of activity is part of the government-wide financial statements. In point of view of the enterprise accounting, statement of activity function as Income Statements, but does not function as Statement of Changes in Equity.

b. Intergovernmental transfer does not effect on the ending fund balance of the statement of revenue, expenditures and changes in fund balance.

c. Among the fund financial statements, the fund that has statement of cash flows is only proprietary fund.

d. Fiduciary fund has no element that function as income statements.

8. Which of the following is not true about budgetary accounting? (each sentences are independent)

a. IF AIFA city prepare budgetary plan as follows : estimated revenue $1,000,000, estimated OFS $200,000, Appropriation $500,000, Estimated OFU $100,000, budgetary fund balance is recognized at $600,000 to credit account.

b. Amount available for use = Appropriation - Total expended and encumbered appropriations

c. If budgetary fund balance amount exceed to encumbrance amount, this imply that sum of estimated revenue and estimated OFS exceed to sum of appropriation and estimated OFU, in consequence, budgetary fund balance account be located in the credit position.

d. New York city issued purchase order $40,000 about police car in 20X1, and police car will actually arrive in 20X2. Meanwhile, at the beginning of 20X2, New York city anticipated budgetary amount as follows : estimated revenue $220,000, Appropriation $200,000. At this time, If New York city journalized budgetary accounting as below, : Estimated Revenue 220,000 Appropriation 240,000 Budgetary Fund Balance 20,000 they must have chosen their journalizing method as appropriation lapse.