Option #2: Government and Not-for-Profit Accounting Portfolio

Your Portfolio Project will provide specific answers to the questions that follow. Apply what you have learned in this course to your answers to these questions.

Problem #1

Indicate whether each of the following is a Proprietary (P), or Budget (B) account for federal agencies and explain why each would be classified as Proprietary or Budget accounts.

1. Accounts payable
2. Accumulated depreciation
3. Commitments
4. Cumulative results of operations
5. Disbursements in transit
6. Fund balance with treasury
7. Office materials and supplies
8. Undelivered orders
9. Unexpended appropriations
10. Other appropriations realized