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What are the types of journals in the books of accounts and registries of government entities?
What are the types of journals in the books of accounts and registries of government entities?
- General Journal, Cash Receipt Journal, Cash Disbursement Journal, Check Disbursement Journal (correct)
- General Journal, Sales Journal, Purchase Journal, Returns Journal
- Sales Journal, Purchase Journal, Returns Journal, Allowance Journal
- Cash Receipt Journal, Sales Journal, General Journal, Cash Disbursement Journal
What are the types of ledgers found in the books of accounts and registries of government entities?
What are the types of ledgers found in the books of accounts and registries of government entities?
- General Ledgers, Cash Ledgers
- Main Ledgers, Sub Ledgers
- Sales Ledgers, Purchase Ledgers
- General Ledgers, Subsidiary Ledgers (correct)
Which registries are part of the books of accounts and registries of government entities?
Which registries are part of the books of accounts and registries of government entities?
- Registries of Revenue and Other Receipt, Registry of Appropriations and Allotments, Registries of Budget, Utilization, and Disbursements, Registries of Allotments, Obligations, and Disbursements, Registry of Allotments and Notice of Ca (correct)
- Sales Registry, Purchase Registry, Returns Registry, Allowance Registry
- Registries of Revenue and Other Receipt, Sales Registry, Purchase Registry, Returns Registry
- Registries of Revenue and Other Receipt, General Registry, Cash Registry, Disbursement Registry
What is the purpose of the Registries of Budget, Utilization, and Disbursements (RBUD)?
What is the purpose of the Registries of Budget, Utilization, and Disbursements (RBUD)?
What are the types of journals in a business entity's books of accounts?
What are the types of journals in a business entity's books of accounts?
What is the purpose of the Registry of Appropriations and Allotments (RAPAL)?
What is the purpose of the Registry of Appropriations and Allotments (RAPAL)?
What distinguishes the General Journal from the Cash Receipt Journal in government entity's books of accounts?
What distinguishes the General Journal from the Cash Receipt Journal in government entity's books of accounts?
What is the primary function of the Registries of Revenue and Other Receipt (RROR)?
What is the primary function of the Registries of Revenue and Other Receipt (RROR)?
What does the Check Disbursement Journal in government entity's books of accounts primarily record?
What does the Check Disbursement Journal in government entity's books of accounts primarily record?
What distinguishes the General Ledgers from the Subsidiary Ledgers in government entity's books of accounts?
What distinguishes the General Ledgers from the Subsidiary Ledgers in government entity's books of accounts?
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Study Notes
Journals in Government Entities
- There are different types of journals in government entities' books of accounts, including Cash Receipt Journal, Disbursement Journal, and General Journal
Journals in Business Entities
- Business entities have different types of journals in their books of accounts, including Purchases Journal, Sales Journal, and Payroll Journal
Registries in Government Entities
- Registries of Budget, Utilization, and Disbursements (RBUD) are part of government entities' books of accounts and registries
- Registry of Appropriations and Allotments (RAPAL) is another registry found in government entities' books of accounts
- Registries of Revenue and Other Receipt (RROR) are also part of government entities' books of accounts
Purpose of Registries
- The primary purpose of RBUD is to record and track budget utilization and disbursements
- The primary purpose of RAPAL is to record appropriations and allotments
- The primary function of RROOR is to record revenue and other receipts
Ledgers in Government Entities
- There are different types of ledgers in government entities' books of accounts, including General Ledger and Subsidiary Ledger
- The General Ledger contains all financial transactions of the government entity
- Subsidiary Ledgers contain detailed financial transactions of specific accounts
Journal and Ledger Distinctions
- The General Journal is distinct from the Cash Receipt Journal in that it records all financial transactions, whereas the Cash Receipt Journal only records cash receipts
- The Check Disbursement Journal primarily records disbursement of checks
- The General Ledger is distinct from the Subsidiary Ledger in that it provides a summary of financial transactions, whereas the Subsidiary Ledger provides detailed financial transactions of specific accounts
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