The Unadjusted Trial Balance for the General Fund of the City

question 1

Essay

The unadjusted trial balance for the general fund of the City of Nineva at June 30, 2014 is as follows:
Supplies on hand at June 30, 2014 totaled $8,000. The $60,000 encumbrance relates to equipment ordered but not received by fiscal year-end.
Required:
Prepare a balance sheet for the general fund of the City of Nineva at June 30, 2014.

Ability to identify and report financial contingencies under U.S. GAAP.

Understand the specific differences between IFRS and U.S. GAAP.

Awareness of recent developments and updates within the IFRS framework.

Understand the steps needed for the preparation of financial statements under IFRS for the first time.

---

Definitions:

Structured Interviews

An interview technique where every interviewed individual is asked a uniform set of questions, allowing for direct comparisons across different respondents.

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships.

Sociologists

Social scientists who study human societies, their interactions, patterns, and systems, and how they affect behaviors and culture.

Psychopath

An individual with a personality disorder characterized by antisocial behavior, lack of empathy, and an inability to form close relationships.