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29 Cards in this Set
- Front
- Back
Assume the year end fell on the 8th day of the next pay period. Accrued payroll of $70 was estimated. What is the entry?
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Budgetary
DR 4610 Allotment 70 CR 4901Delivered OrdersOblig,unpd70 Proprietary DR 6100OperatingExpense70 CR 2210Accrued Funded Payroll and Leave70 DR 3107Unexpended App–Used 70 CR 5700Appropriation Used 70 |
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Delivered Orders – Obligations, pd
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4902
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Suppose $200,000 has been approved for apportionment, but 50,000 is from anticipated reimbursements, what is the entry?
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debit 4450 200,000
credit 4510 apportionment 150,000 credit 4590 apport. unavail. 50,000 (no prop entry) |
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The agency head allots the available apportionment of 150K and approves automatic allotment of anticipated resources realized. What is the entry?
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debit 4510 Apportionments 150,000
credit 4610 Allotments – Realized Resources 150,000 |
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4801
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Undelivered Orders – Obligations, Unpaid
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Undelivered Orders – Obligations, Unpaid
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4801
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4901
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Delivered Orders – Obligations, Unpaid
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Delivered Orders – Obligations, Unpaid
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4901
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4902
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Delivered Orders – Obligations, Paid
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Delivered Orders – Obligations, Paid
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4902
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According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with an "A" designate?
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Funding Sources
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According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with a "B" designate?
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Disbursements and Payables
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According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with a "C" designate?
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Collections and Receivables
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What does TAFS stand for?
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Treasury appropriation fund symbol
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How does an agency submit an SF-133
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through the Treasury's Federal Agencies' Centralized Trial-balance System II (FACTS II)
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REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES is also known as what?
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SF-133
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What is a reappropriation?
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When the government takes back money from an agency that had been appropriated.
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If funds are exempt from apportionment, they do not go into 4450. Where do they go instead?
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4620 Unobligated Funds Exempt From Apportionment (Credit)
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When monies are reappropriated or permanently reduced from a fund, the fund is debited in 4450 (or 4620) and is credited to what account? (ignore prop entry)
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4392 Permanent Reduction - New Budget Authority
(or 4393 Permanent Reduction - Prior-Year Balances) |
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What does contract authority mean?
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permits a federal agency to obligate money prior to actually having the funds in hand
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To record payment of payroll, B102 is used. What is the entry? (assume payment made)
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Debit 4610 Allotments - Realized Resources
Credit 4902 Delivered Orders - Obligations, Paid Debit 6100 Operating Expenses/Program Costs Credit 1010 Fund Balance With Treasury (Also B134 entry if amount is paid by direct appropriation Dr 3107 cr 5700) |
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Entry B103. Assume funds are exempt from apportionment, what is entry for pension liability? (assume the money actually goes into pension fund)
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Debit 4620 Unobligated Funds Exempt From Apportionment
Credit 4902 Delivered Orders - Obligations, Paid Debit 2610 Actuarial Pension Liability Credit 1010 Fund Balance With Treasury (also, for amounts paid by a direct appropriation, also post B134, dr 3107, cr 5700) |
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Accounts Payable
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2110
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Unexpended Appropriations - Used
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3107
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3107
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Unexpended Appropriations - Used
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Unexpended Appropriations - Appropriations Received
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3101
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3101
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Unexpended Appropriations - Appropriations Received
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4620
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Unobligated Funds Exempt From Apportionment
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Unobligated Funds Exempt From Apportionment
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4620
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