Questions from Accounting for Government and Non-Profit


Q: A not-for-profit organization has hired you to conduct

A not-for-profit organization has hired you to conduct an audit. The audit has been requested by the organization’s board of directors. A mission of the organization is to provide fo...

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Q: Congress authorized the Flood Control Commission to start operations on October 1

Congress authorized the Flood Control Commission to start operations on October 1, 2011. Required a. Record the following transactions in general journal form as they should appear in the accounts of...

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Q: The following excerpt is from the Inspector General’s transmittal letter to the

The following excerpt is from the Inspector General’s transmittal letter to the Secretary of the Department of Transportation (DOT). U.S. Department of Transportation Office of the Secretary of Transp...

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Q: Choose the best answer. 1. Federal statutes assign responsibility

Choose the best answer. 1. Federal statutes assign responsibility for establishing and maintaining a sound financial structure for the federal government to which of the following: a. Comptroller Gene...

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Q: One amount is missing in the following trial balance of proprietary accounts

One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of a certain agency of the federal government. This tr...

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Q: Using the data from Problem 11–2, In Problem

Using the data from Problem 11–2, In Problem 11-2 Prepare the following: a. In general journal form, entries to close the budgetary accounts as needed and to close the operating...

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Q: The Rural Assistance Agency operates three major programs as responsibility centers—

The Rural Assistance Agency operates three major programs as responsibility centers—the Food Bank, Housing Services, and Credit Counseling. Clients pay a fee for services on a sliding scale based on i...

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Q: The trial balance of the Federal Science Administration, as of August

The trial balance of the Federal Science Administration, as of August 31, 2011, follows: Required Prepare a statement of budgetary resources for the 11 months ended August 31, 2011, assuming that go...

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Q: Identify the budgetary accounts used in federal agency accounting and explain the

Identify the budgetary accounts used in federal agency accounting and explain the sequential flow of budgetary authority through the accounts in your own words.

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Q: Name the financial statements that should be prepared for each federal agency

Name the financial statements that should be prepared for each federal agency in conformity with OMB Circular A–136.

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