REQUIREMENTS:1. What is the TOTAL amount of unfunded allotments to be reported in the Registry of Allotments and NCA? 2. How much is the TOTAL unobligated allotments for all RAODs - PS, MOOE and CO? The Department of Budget and Management (DBM), upon approval and issuance of the General Appropriations,released the following for Agency X on January 2, 2020:General Appropriations:Personnel Services (PS)Maintenance and Other Operating Expenses (MOOE)Capital Outlay (CO)Total700,000500,0001,300,0002,500,000Allotments:Personnel Services (PS)Maintenance and Other Operating Expenses (MOOE)Capital Outlay (CO)700,000500,0001,000,0002,200,000TotalOn January 15, 2020, Agency X incurred the following:Obligations incurred:Personnel Services (PS)Maintenance and Other Operating Expenses (MOOE)Capital Outlay (CO)Total250,000200,000500,000950,000On January 30, 2020, Agency X incurred the following:Obligations incurred:Personnel Services (PS)Maintenance and Other Operating Expenses (MOOE)Capital Outlay (CO)Total350,000250,000400,0001,000,000

Owner’s equity- Owner’s equity refers to the number of investment made by a personal in a…

Answered: REQUIREMENTS: 1. What is the TOTAL…

REQUIREMENTS: 1. What is the TOTAL amount of unfunded allotments to be reported in the Registry of Allotments and NCA? 2. How much is the TOTAL unobligated allotments for all RAODs - PS, MOOE and CO?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following is the general budget for earmarked funds and its adjustments during the 2020 financial period: 1) The total estimated revenues within the general budget for funds allocated for the year 2020 amounted to (3) million dinars, of which 2595 thousand dinars for public services. 2) In addition to the above, the estimated revenues of public parking, which amount to 336 thousand dinars, have been allocated to cover public safety expenses of 300 thousand dinars. 3) Reducing income tax revenues by 120,000 dinars and travel allowances by 90,000 dinars, provided that the difference is covered from the fund's balance account. 4) Frost occurred in the Jordan Valley that affected the agricultural crop, and it was decided to compensate farmers for 70,000 dinars within the general budget appendix prepared for this purpose. This compensation is covered from the money balance account. Required: To record the general budget entries in the general appropriated funds journal.
a unit of the Department of State, was established October 1, 2022. It is financed by an appropriation from Congress. Following are the transactions of the agency during October 2022: October 1 The agency received a certified copy of an appropriation warrant from the Department of the Treasury for $900,000. October 1 The entire appropriation of $900,000 was apportioned by the OMB. October 1 Of the amount apportioned, $450,000 was allotted to the agency by the Department of State to finance its October operations. October 4 The agency ordered equipment at an estimated cost of $275,000. October 14 The equipment arrived, together with an invoice for $300,000. The equipment was accepted at the price charged, because the contract permitted a 10 percent cost overrun. October 24 The agency sent a disbursement schedule to Treasury requesting payment of the following items. Equipment $300,000 Salaries 75,000 Utilities 20,000 October…
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The budget officer of the Department of Social Welfare and Development (DSWD) was granted a cashadvance in the amount of P15,000. He is to attend a seminar in the Department of Budget andManagement (DBM) head office. Accordingly, the obligation incurred for this purpose was appropriatelyrecorded in the Registry of Allocation, Obligation, and Disbursement – Maintenance and OtherOperating Expenses (RAOD-MOOE) in the amount of P15,000. After that seminar, the budget officerliquidated his cash advance by preparing the Liquidation Report form and reported total expensesrelated to that official travel in the amount of 12,300.Required: Give the necessary entries to be made by the DSWD for the above scenario. The Department of Foreign Affairs (DFA) collected P10,000,000 revenue from passport and visaapplications for March 20X2. The said amount was then deposited in an authorized servicing bank.Moreover, in the same month, the DFA received a P5,000,000 cash disbursement ceiling (CDC) andpaid…
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