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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?
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
Delivered Orders – Obligations, pd
4902
Suppose $200,000 has been approved for apportionment, but 50,000 is from anticipated reimbursements, what is the entry?
debit 4450 200,000
credit 4510 apportionment 150,000
credit 4590 apport. unavail. 50,000
(no prop entry)
The agency head allots the available apportionment of 150K and approves automatic allotment of anticipated resources realized. What is the entry?
debit 4510 Apportionments 150,000
credit 4610 Allotments – Realized Resources 150,000
4801
Undelivered Orders – Obligations, Unpaid
Undelivered Orders – Obligations, Unpaid
4801
4901
Delivered Orders – Obligations, Unpaid
Delivered Orders – Obligations, Unpaid
4901
4902
Delivered Orders – Obligations, Paid
Delivered Orders – Obligations, Paid
4902
According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with an "A" designate?
Funding Sources
According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with a "B" designate?
Disbursements and Payables
According to the TFM, with entries in the format AXXX, BXXX etc.. (100-799), what does an entry beginning with a "C" designate?
Collections and Receivables
What does TAFS stand for?
Treasury appropriation fund symbol
How does an agency submit an SF-133
through the Treasury's Federal Agencies' Centralized Trial-balance System II (FACTS II)
REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES is also known as what?
SF-133
What is a reappropriation?
When the government takes back money from an agency that had been appropriated.
If funds are exempt from apportionment, they do not go into 4450. Where do they go instead?
4620 Unobligated Funds Exempt From Apportionment (Credit)
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)
4392 Permanent Reduction - New Budget Authority
(or 4393 Permanent Reduction - Prior-Year Balances)
What does contract authority mean?
permits a federal agency to obligate money prior to actually having the funds in hand
To record payment of payroll, B102 is used. What is the entry? (assume payment made)
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)
Entry B103. Assume funds are exempt from apportionment, what is entry for pension liability? (assume the money actually goes into pension fund)
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)
Accounts Payable
2110
Unexpended Appropriations - Used
3107
3107
Unexpended Appropriations - Used
Unexpended Appropriations - Appropriations Received
3101
3101
Unexpended Appropriations - Appropriations Received
4620
Unobligated Funds Exempt From Apportionment
Unobligated Funds Exempt From Apportionment
4620