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Page Title: Assignment 2: 9 - 19
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2-10. 2-11. 2-12. 2-13. 2-14. 2-15. 2-9 Has an undisbursed balance but by law is not available for : disbursement. 1. D 2.  F 3.  G 4.  H Does not have a specific amount stated in the appropriation act. 1  .  B 2.  C 3.  G 4.  H Available for incurring obligations only in the fiscal year specified in the appropriation act. 1.  A 2.  D 3.  F 4.  G Available for incurring obligations only  during  the  current  fiscal year. 1.  A 2.  D 3.  F 4.  H The amount is appropriation sum of money. 1.  A 2.  B 3.  C 4.  F stated in the act as a specified Which of the following appropriation  accounts  is established  for  the  payment  of obligations applicable to appropriations  for  the  same  general purpose, but which have either lapsed  or  been  discontinued? 1. Open 2. Closed 3. Revolving 4. Successor In which of the following ways do funds  differ  from  appropriations? 1. Funds are authorized by Congress 2. Funds are permanent in nature 3. Funds expire annually 4. Funds may only be used for specific  purposes 2-16. The Navy Stock Fund is an example of  which,    if any, of the following types of funds? 1. Trust 2. Revolving 3. General 4. None of the above 2-17. Ship’s  Store  Profits  is  an  example of which, if any, of the following types of funds? 1. Trust 2. General 3. Revolving 4. None of the above 2-18. Which of the following statements concerning the accounting classification  code  is  NOT  true? 1. 2. 3. 4. Facilitates  the  forwarding  of copies of public voucher disbursements and collections to the accountable activity for analysis of obligations and expenditures Identifies the activity responsible  for  accounting  for the  appropriation  or  part  of the   appropriation Shown  on  all  purchase  requests as well as the resulting obligation  and  expenditure documents Allows each accounting activity the ability to devise their own system  for  accumulating  and reporting  a  variety  of accounting information 2-19. The accounting classification consists of how many maximum code elements? 1. 1 2. 2 3. 7 4. 9 IN  ANSWERING  QUESTIONS  2-20  THROUGH  2-26 CONCERNING THE ELEMENTS OF THE COST CODE, SELECT  THE  ELEMENT  FROM  THE  FOLLOWING  LIST DESCRIBED BY THE QUESTION. A. Appropriation B. Subhead C. Object  class D. Bureau control number E. Suballotment F. Authorization accounting activity G. Transaction  type H. Property  accounting  activity I. Cost code 10

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