Government Accounting Quiz

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

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.