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Question text such entities have diverse reporting

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Question textSuch entities have diverse reporting practices and there are no authoritativeAnswer:FeedbackThe correct answer is: international standardsQuestion25CorrectMark 1.00 out of 1.00Flag questionQuestion textThere may be higher priorities for the use scarcetake placeinternational standards
Answer:FeedbackThe correct answer is: accounting resourcesQuestion26CorrectMark 1.00 out of 1.00Flag questionQuestion textThe chief of accountant shall submit the BRS within twenty days after receipt ofthe monthly BS to the following.Answer:FeedbackThe correct answer is: ReportingQuestion27CorrectMark 1.00 out of 1.00Flag questionQuestion textTo account for the accumulation of resources for, and the payment of, generallong-term debt principal and interest.Select one:a. Debt service fundb. Permanent fundc. Capital project fundaccounting resourcesReporting
d. Enterprise fundFeedbackYour answer is correct.The correct answer is: Debt service fundQuestion28IncorrectMark 0.00 out of 1.00Flag questionQuestion textThat the latter requires the capitalization of fixed assets and their depreciationAnswer:FeedbackThe correct answer is: PSC assumedQuestion29CorrectMark 1.00 out of 1.00Flag questionQuestion textReturned checks - the agency/entity has issued and recognized but which havenot been presented to the bank for payment.Select one:TrueFalseFeedbackmodified accrual and accrual basis
The correct answer is 'False'.Question30CorrectMark 1.00 out of 1.00Flag questionQuestion textThe ___ shall seek to established that all obligations of the agency have beenaccurately recorded.Select one:a. Secretaryb. Presidentc. Assistantd. AuditorFeedbackYour answer is correct.The correct answer is: AuditorQuestion31IncorrectMark 0.00 out of 1.00Flag questionQuestion textThese are strong and valid arguments. However, the possibility remains thataccrual features could be added toAnswer:cash-based accounting system
FeedbackThe correct answer is: a cash-based accounting systemQuestion32IncorrectMark 0.00 out of 1.00Flag questionQuestion textThat detailed transactions can be identified and traced and all aggregates canbeAnswerFeedbackThe correct answer is: conveniently brokeQuestion33CorrectMark 1.00 out of 1.00Flag questionQuestion textTo account for resources held by the reporting government in a purely custodialcapacity (assets equal liabilities. Agency funds involve only the receipt,temporary investment, and remittance of fiduciary resources to individuals,private organizations, or other governments.Select one:a. Pensionb. Capitalc. Agency fundsd. General fundsconvenien
FeedbackYour answer is correct.The correct answer is: Agency fundsQuestion34CorrectMark 1.00 out of 1.00Flag questionQuestion textReports must be conciseSelect one:TrueFalseFeedbackThe correct answer is 'True'.

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