Description\n \n\n\n\n\n\n\n\n # You should not copy from any website\n \n\n # References must be written\n \n\n # The assignment must be delivered on time\n \n\n # The agreed number of words must be adhered to\n \n\n # Give examples and write a perfect answer\n \n\n # From 1000-1200 words\n \n\n\n\nCollege of Administrative and Financial Sciences\nAssignment 2\nDeadline: 12/11/2022@ 23:59\nCourse Name: GNP Accounting\nStudent’s Name:\nCourse Code: ACCT 321\nStudent’s ID Number:\nSemester: 1\nCRN:\nAcademic Year:2022-23 /1444 H\nFor Instructor’s Use only\nInstructor’s Name: DR.ASHFAQUE AHMED\nStudents’ Grade: Marks Obtained /15\nLevel of Marks: High/Middle/Low\nInstructions – PLEASE READ THEM CAREFULL\n• The Assignment must be submitted on Blackboard (WORD format only) via\nallocated folder.\n• Assignments submitted through email will not be accepted.\n• Students are advised to make their work clear and well presented, marks may be\nreduced for poor presentation. This includes filling your information on the cover\npage.\n• Students must mention question number clearly in their answer.\n• Late submission will NOT be accepted.\n• Avoid plagiarism, the work should be in your own words, copying from students\nor other resources without proper referencing will result in ZERO marks. No\nexceptions.\n• All answered must be typed using Times New Roman (size 12, double-spaced) font.\nNo pictures containing text will be accepted and will be considered plagiarism).\n• Submissions without this cover page will NOT be accepted.\nQ1.\n(Preparation of governmental funds financial statements)\nFollowing are December 31, 2013 pre-closing trial balances (budgetary accounts excluded) for\nthe General Fund, Debt Service Fund, and Capital Projects Fund for Hebert County. Prepare a\ngovernmental funds balance sheet and a statement of revenues, expenditures, and changes in\nfund balances as of and for the year ended December 31, 2013. The General Fund had\nencumbrances of $25 outstanding on December 31, 2013. (All amounts are in thousands of\ndollars.)\n(2.5 marks)\nDebits\nCredits\nGeneral Fund\nCash\n$1,900\nProperty taxes receivable – delinquent\n330\nAllowance for uncollectible property taxes\n$ 10\nAccounts payable\n120\nDeferred revenues\n250\nUnassigned fund balance, January 1, 2013\n1,720\nRevenues – property taxes\n3,200\nRevenues – licenses and fees\n350\nRevenues – parks admissions fees\n40\nInvestment income\n220\nExpenditures – general government\n360\nExpenditures – public safety\n1,800\nExpenditures – public works\n840\nExpenditures – parks and culture\n350\nTransfer out to Debt Service Fund\n250\nTransfer out to Capital Projects Fund\n80\n____\nTotals\n$5,910\n$5,910\nDebt Service Fund\nCash\n$70\nAssigned fund balance, January 1, 2013\n$60\nExpenditures – bond principal\n110\nExpenditures – interest\n130\nTransfer in from General Fund\n___\n250\nTotals\n$310\n$310\nCapital Projects Fund\nCash\n$240\nExpenditures – capital outlay\n420\nTransfer in from General Fund\n$80\nProceeds of bonds\n___\n580\nTotals\n$660\n$660\nAnswer\nQUESTION-2\nThe following transactions relate to the Scott Business venture. Which two of the following six\npossibilities occurred as a result of each transaction – an asset increased, an asset decreased, a\nLiability increased, a liability decreased, equity increased, or equity decreased:\n(SHOW INCREASE (+) DECREASE (-)\n(5 marks)\na.\nb.\nc.\nd.\ne.\nf.\ng.\nh.\ni.\nj.\nScott invests $20,000 cash to start the business in return for stock.\nPurchased supplies paying $1,000 cash.\nPurchased equipment for $15,000 cash.\nPurchased Supplies of $200 and Equipment of $1,000 on account.\nBorrowed $4,000 from 1st American Bank.\nProvided consulting services receiving $3,000 cash.\nPaid salaries of $800 to employees.\nDividends of $500 are paid to shareholders\n$ 1000 amount paid to the creditor against equipment purchase\nPaid outstanding electricity bills $ 500\nANSWER:\nQ3. From the below statement whether the following are true or false. For the false items,\nexplain why they are false.\n(2.5 marks)\n•\nEnterprise Funds are used only when all services are provided to non-governmental\nentities, and Internal Service Funds are used only when all services are provided to\ngovernmental agencies that are a part of the reporting government.\n•\nEnterprise Funds use the economic resources measurement focus and full accrual\nbasis of accounting only when they want to compute the costs of services; otherwise,\nthey use the current financial resources measurement focus and modified accrual\nbasis of accounting.\n•\nThe primary activities of the State Office of General Services and the State Parks\nDepartment are financed from General Fund appropriations. The former department\nalso operates a governmental motor pool and the latter operates a public swimming\npool. Because their primary activities are financed from the General Fund, they may\nnot under any circumstances account for other activities in proprietary funds.\nQuestion no. 4\nWhat are the Approaches that Financial Statement and Financial Condition can be analyzed?\n(2.5 marks)\nAnswer\nQuestion 5\nX Y Z football association uses the following types of funds for the football team’s\npurposes: Using General Fund; Specific Purpose Funds; Plant Replacement and Expansion\nFund; and Endowment Fund. State which fund (or funds) would be used to account for\neach of these transactions or events. (2.5 marks)\na-His Excellency has given 5 million SR an additional amount as an aid to the football team\nto promote the football game.\nb- Minister has given fund an amount 10 Million SR, to be used exclusively making a new\nfootball ground for adding new place and location for practicing football.\nc- An amount of 20 Million SR, paid to a foreign football coach for special training to the\nplayers to be used exclusively for training.\nd-An amount of 3 million SR has been paid to the star players of the years as a reward.\ne-As per the government plan, an amount of 20 million will be paid to the football teams to\nencourage the newcomer’s football players.\nAnswer:\n\nPurchase answer to see full\nattachment
APA paper format
The American Psychological Association (APA) format is a widely used style for writing academic papers in the social sciences. The APA format provides specific guidelines for formatting papers, including margins, font size and type, spacing, and the use of headings. These guidelines ensure that papers written in the APA format are visually consistent and easy to read.
In the APA format, papers are typically double-spaced and written in 12-point Times New Roman font. The margins should be 1 inch on all sides, and the text should be left-aligned. Headings are used to organize the paper into sections, with different levels of headings used to indicate the hierarchy of information.
In-text citations are an essential aspect of the APA format, and they must be included whenever information from an outside source is used in the paper. The reference page is also an important component of an APA paper, as it lists all of the sources used in the paper. The reference page should be formatted according to the APA guidelines, including the use of a hanging indent for each reference and the use of italics for book titles.
It is important to note that the APA format is not just a matter of style, but it is also a way of communicating research findings and ideas. The use of the APA format helps to ensure that the information presented in a paper is clear, concise, and easy to understand.
In conclusion, the APA format is a widely used style for writing academic papers in the social sciences. It provides specific guidelines for formatting papers, including margins, font size and type, spacing, and the use of headings. By following the APA format, students can ensure that their papers are visually consistent, easy to read, and meet academic standards.
Why Choose Us
- 100% non-plagiarized Papers
- 24/7 /365 Service Available
- Affordable Prices
- Any Paper, Urgency, and Subject
- Will complete your papers in 6 hours
- On-time Delivery
- Money-back and Privacy guarantees
- Unlimited Amendments upon request
- Satisfaction guarantee
How it Works
- Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
- Fill in your paper’s requirements in the "PAPER DETAILS" section.
- Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
- Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
- From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.