15. An appropriation is: a. Money legally set aside for a special use...
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Accounting
An appropriation is: a Money legally set aside for a special use or purpose. b The money spent for special operations. c All money needed to carry on specified operations. d The money set aside to meet future obligations. Which of the following accounts normally has a credit balance? a Revenue b Both Revenue and Liability c Liability d Expenditure The best way to select a sample to test internal controls is: a Block sampling b Blind sampling c Random sampling d Internal sampling Cost accounting in government is designed primarily to: a Protect public funds against fraudulent practices. b Ensure the legality of expenditures. c Strengthen the control of expenditures. d Aid in determining the efficiency with which public work is being done.
An appropriation is:
a Money legally set aside for a special use or purpose.
b The money spent for special operations.
c All money needed to carry on specified operations.
d The money set aside to meet future obligations.
Which of the following accounts normally has a credit balance?
a Revenue
b Both Revenue and Liability
c Liability
d Expenditure
The best way to select a sample to test internal controls is:
a Block sampling
b Blind sampling
c Random sampling
d Internal sampling
Cost accounting in government is designed primarily to:
a Protect public funds against fraudulent practices.
b Ensure the legality of expenditures.
c Strengthen the control of expenditures.
d Aid in determining the efficiency with which public work is being done.
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