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MSBWTR10 AC 330 XM1
MSB GovNFP Unit 5
Question | Answer |
---|---|
CONSUMPTION METHOD | A METHOD OF RECORDING SUPPLIES AS INVENTORY WHEN PURCHASED AND AS EXPENDITURES WHEN USED OR CONSUMED. |
DELINQUENT TAXES | TAXES REMAINING UNPAID ON AND AFTER THE DATE ON WHICH A PENALTY FOR NONPAYMENT IS ATTACHED. |
DERIVED TAX REVENUES | A CLASSIFICATION OF NONEXCHANGE TRANSACTIONS, SUCH AS INCOME OR SALES TAXES. |
INTERFUND LOANS | LOANS MADE BY ONE FUND TO ANOTHER. |
INTRA-ACTIVITY TRANSACTIONS | TRANSACTIONS THAT OCCUR BETWEEN TWO GOVERNMENTAL FUNDS (OR BETWEEN A GOVERNMENTAL FUND AND AN INTERNAL SERVICE FUND) OR BETWEEN TWO ENTERPRISE FUNDS. |
INTRA-ENTITY TRANSACTIONS | EXCHANGE OR NONEXCHANGE TRANSACTIONS BETWEEN THE PRIMARY GOVERNMENT AND ITS BLENDED OR DISCRETELY PRESENTED COMPONENT UNITS. |
PURCHASES METHOD | A METHOD OF RECORDING SUPPLIES AS EXPENDITURES WHEN PURCHASED. |
TAX ANTICIPATION NOTES | NOTES ISSUED IN ANTICIPATION OF COLLECTION OF TAXES USUALLY RETIRABLE ONLY FROM TAX COLLECTIONS AND FREQUENTLY ONLY FROM THE PROCEEDS OF THE TAX LEVY WHOSE COLLECTION THEY ANTICIPATE. |
TAX RATE | THE AMOUNT OF TAX STATED IN TERMS OF A UNIT OF THE TAX BASE. |
TIME REQUIREMENTS | RESTRICTIONS THAT RELATE TO THE PERIOD WHEN RESOURCES ARE REQUIRED TO BE USED OR WHEN USE MAY BEGIN. |