Question

Match the following definitions to the appropriate government accounting terms (numbered below).

A. Legally separate organization for which primary government is financially accountable

B. The use of governmental fund working capital

C. Appropriation for a specific time period

D. Governmental and Proprietary fund revenues and expenses presented using full accrual accounting

E. Approved or authorized expenditures

F. Revenues recognized when available to meet current obligations

G. Self-balancing set of accounts

H. Each state government and each general-purpose local government

I. The responsibility to demonstrate compliance with public decisions with regard to the use of financial resources

J. Governmental and Internal Service Funds assets and liabilities presented together

_____1. Modified Accrual Basis

_____2. Fund

_____3. Primary Government

_____4. Appropriation

_____5. Statement of Net Assets

_____6. Fiscal Accountability

_____7. Allotment

_____8. Component Unit

_____9. Statement of Activities

_____10. Expenditures

Answer

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