Payment of salaries
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QUESTION 5
-
Payment of salaries and wages to the staff of the county controller’s office is typically reported in:
a. The general fund
b. An internal service fund
c. A special revenue fund
d. An agency fund
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Solved in 2 steps
- Which of the following departments most likely would approve changes in pay rates and deductions from employee salaries?a. Personnel.b. Treasurer.c. Controller.d. Payroll.The department responsible for approving pay rate changes is a. payroll b. treasurer c. personnel d. cash disbursementsWhich of the following parties is responsible for administering the real estate budget? A. The Commissioner of Commerce B. The State treasury C. A designated financial institution D. The attorney General
- Which of the statement is not correct? Question 27Answer a. The budget approval is done by the legislative b. The budget audit is done by the auditor general’s office c. Budget Execution is the job of the executive d. The budget preparation is initiated by the Heads of DepartmentsThe Office of Management and Budget has the primary responsibility for doing which of the following?O Approving the budget O Preparing the budget Auditing the budget Implementing federal unemployment policy O Appropriating funds for the budgetThe Appropriations account of a governmental fund is credited when: a. The budgetary accounts are closed b. The budget is recorded c. Supplies are purchased d. Expenditures are recorded
- Which form does the Internal Revenue Service use to keep track of employees? A. SS-4B. I-9C. SS-8D. W-410. When computers are ordered by the mayor's office, the purchase order should be recorded in the General Fund as a debit to: Multiple Choice Encumbrances. Equipment. Expenditures. Appropriations.42. A certification on the availability of allotment is required before a disbursement of government funds is made. According to the GAM for NGAs, who shall issue this certification? Budget officer Chief accountant Head of the agency Requisitioning Individual
- In the recording of a city’s budget, which one of the following accounts is debited? a. Appropriations b. Estimated Revenues c. Estimated Other Financing Uses d. Encumbrances5. Which of the following items is the function of a treasurer? ____ A. cost accounting B. internal control C. capital budgeting D. general ledger18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure? i. Purchases of hospital equipment. ii. Salary payment for teachers of private schools. iii. Grant for research and development (R&D) activities. iv. Social security payments for the unemployed. i only i and ii i, ii and iii i, ii, iii and iv