Government Accounting Quiz
10 Questions
5 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • 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)?

    <p>To track the budget, utilization, and disbursements</p> Signup and view all the answers

    What are the types of journals in a business entity's books of accounts?

    <p>Sales Journal, Purchase Journal, Returns Journal, Allowance Journal</p> Signup and view all the answers

    What is the purpose of the Registry of Appropriations and Allotments (RAPAL)?

    <p>To record the budget appropriations and allotments made by the government entity</p> Signup and view all the answers

    What distinguishes the General Journal from the Cash Receipt Journal in government entity's books of accounts?

    <p>General Journal records non-cash transactions, while Cash Receipt Journal records cash receipts</p> Signup and view all the answers

    What is the primary function of the Registries of Revenue and Other Receipt (RROR)?

    <p>To record revenue and other receipts of the government entity</p> Signup and view all the answers

    What does the Check Disbursement Journal in government entity's books of accounts primarily record?

    <p>Payments made through checks by the government entity</p> Signup and view all the answers

    What distinguishes the General Ledgers from the Subsidiary Ledgers in government entity's books of accounts?

    <p>General Ledgers summarize all financial transactions, while Subsidiary Ledgers provide details for specific accounts</p> Signup and view all the answers

    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

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge of the government accounting process with this quiz from Mary the Queen College. Explore key concepts, including budget registries and preparation, to enhance your understanding of government accounting.

    More Like This

    Government Accounting and Auditing
    10 questions

    Government Accounting and Auditing

    FearlessEternity avatar
    FearlessEternity
    Government e-Market
    6 questions

    Government e-Market

    IndustriousCliff avatar
    IndustriousCliff
    Government Accounting vs. Business Accounting
    5 questions

    Government Accounting vs. Business Accounting

    AppropriateAltoFlute avatar
    AppropriateAltoFlute
    Accounting Basics: Government Regulation and Book-Keeping
    20 questions

    Accounting Basics: Government Regulation and Book-Keeping

    MeticulousPiano4914 avatar
    MeticulousPiano4914
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser