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Match the Following Definitions to the Appropriate Government Accounting Terms

Question 38

Essay

Match the following definitions to the appropriate government accounting terms (numbered below).
A.Legally separate organization for which primary government is financially accountable
B.The use of governmental fund working capital
C.Appropriation for a specific time period
D.Governmental and Proprietary fund revenues and expenses presented using full accrual accounting
E.Approved or authorized expenditures
F.Revenues recognized when available to meet current obligations
G.Self-balancing set of accounts
H.Each state government and each general-purpose local government
I.The responsibility to demonstrate compliance with public decisions with regard to the use of financial resources
J.Governmental and Internal Service Funds assets and liabilities presented together
________ 1.Modified Accrual Basis
________ 2.Fund
________ 3.Primary Government
________ 4.Appropriation
________ 5.Statement of Net Assets
________ 6.Fiscal Accountability
________ 7.Allotment
________ 8.Component Unit
________ 9.Statement of Activities
________ 10.Expenditures

Correct Answer:

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1.F,2.G,3....

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