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Pre Finals Quiz 2 - Accounting For Government & Non-Profit Organizations

This document appears to be a quiz for a government and non-profit accounting course. It contains 5 multiple choice questions about accounting concepts like the basic accounting equation, intra-agency and inter-agency receivables, the basis of the chart of accounts, and personnel services classifications. The quiz indicates it can be reviewed and edited before being submitted for grading.
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0% found this document useful (0 votes)
259 views2 pages

Pre Finals Quiz 2 - Accounting For Government & Non-Profit Organizations

This document appears to be a quiz for a government and non-profit accounting course. It contains 5 multiple choice questions about accounting concepts like the basic accounting equation, intra-agency and inter-agency receivables, the basis of the chart of accounts, and personnel services classifications. The quiz indicates it can be reviewed and edited before being submitted for grading.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ACCT 033 (BSA 32A1) Accounting for Government & Non-Profit Organizations

Pre Finals Quiz 2

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Question 1
It represents account classification as to basic accounting equation A=L+E

Response: major account group

Question 2
Which of the following is INTRA-AGENCY receivable in the revised chart of account?

Response: other receivable

Question 3
Which of the following is Inter-Agency receivable in the revised chart of account?

Response: Due from joint venture

Question 4
The basis of COA in encoding the object classification in revised chart of account

Response: Accrual Basis

Question 5
Which of the following is NOT personnel services?

Response: Labor & wages

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