Chapter 1, Problem 46P

In entity A’s first quarter Statement of Appropriations, Allotments, Obligations, Disbursements and Balances, how much is “unobligated allotments” P6B P5B P10B P15B The receipt of an allotment is recorded by a government entity in the? RAOD ORS RAPAL a and c The incurrence of an obligation for future delivery or performance by the oblige is recorde by a government entity in the RAOD ORS RAPAL a and b The receipt of an appropriation is recorded by a government entity in the RAOD ORS RAPAL a and b The entry to record the receipt of Notice of Cash allocation (NCA) by a government entity is: Debit Cash-Modified Disbursement System (MDS), Regular; Credit Accumulated Surplus (Deficit) Debit Cash-Modified Disbursement System (MDS), Regular; Credit Subsidy from National Government Debit Cash Collecting Officer; Credit Subsidy from National Government No Entry According to the Revised Chart of Accounts issued by COA, the “Subsidy from National Government” account is Asset…

Which of the following statements relating to the accounting for research and development expenditure under IAS 38 is CORRECT? (i)         All expenditure on research should be written off in the year incurred.(ii)        All expenditure on development should be written off in the year incurred.(iii)       Expenditure on research which satisfies all stipulated conditions can be capitalised.(iv)       Expenditure on development which satisfies all stipulated conditions can be capitalised.   Question 8 options:   1)  Statements (i) & (ii) only.   2)  Statements (iii) & (iv) only.   3)  Statements (i) & (iv) only.   4)  Statements (ii) & (iii) only.

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?