Ex.2.

1(Matching)
Type of Fund Expenditures Revenue Assets Liabilities
1- E.F FAB 8,000
…. j .Fees charged to, and
collected from customers by
the electric utility
2-SRF MAB 2,200
….. g. Hotel taxes (1,200+1,000)

(restricted to promotion of
tourism) collected $ 1,200 +
Proceeds of federal grant to
hire additional police officers
$ 1,000
3- GF MAB
a…NO
4-EF FAB 4,000 4,000
……h Proceeds of bonds to
build a parking $ 4,000
5-GF MAB
a… NO
6-ESF FAB 140= 1,400
b….. 1400/10
7-ESF FAB
a… NO
8-GF MAB 6,300
i….. Property taxes Levied
and collected
9-GF MAB
a…NO
10- ISF MAB 1,400
f……

Ex.2-2
1- Best answer a no general fund
2- Best answer c internal service fund
3- Best answer d Property tax fund
4- Best answer d Expenditures G.F all = 10+400+40+10=$ 460,000
5- Best answer c SRF = 400,000+3,000,000=$ 3,400,000
6- Best answer a DSF = 0
7- Best answer a No revenue
8- Best answer b Permanent fund
9- Best answer c
1
10- Best answer b d
11- Best answer a
12- Best answer b

Ex.2-5
Society for Ethical Teachings

Statement of Revenues, Expenses and Other Changes in Fund Balance

General Building
Fund Fund
Revenues
Contribution revenue $160,000 $ 40,000
Interest 3,000
Total revenues 160,000 43,000
Expenses
Operating expenses 130,000
Architecture services 12,000

Excess of revenues over expenses 30,000 31,000

Transfers from (to) other funds (17,000) 17,000
Increase in fund balance $ 13,000 $ 48,000

Society for Ethical Teachings

Balance Sheet

General Building
Fund Fund
Assets
Cash $ 23,000 $ 48,000

Liabilities and fund balance

Accounts payable $ 10,000
Fund balance 13,000 $ 48,000
Total liabilities and fund balance $ 23,000 $ 48,000