Accounting 101 Quiz

What is the Queen’s Budget Model designed to ensure?

What is the budget model for Queen’s based on?

What is activity-based budgeting commonly referred to as?

What does the budget model decentralize authority and accountability for?

What are revenue transfers at Queen’s?

What is an accrual in accounting?

What are accrued revenues in accounting?

What are deferred expenses in accounting?

What do accounts that begin with 4, 5 & 6 represent?

What do accounts that begin with 1, 2 & 3 represent?