NJ CMFO – AFS QUESTIONS AND CORRECT ANSWERS

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NJ CMFO – AFS QUESTIONS AND CORRECT ANSWERS

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2025/2026

Institution CMFO

Course CMFO

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NJ CMFO – AFS QUESTIONS AND CORRECT ANSWERS

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NJ CMFO – AFS QUESTIONS AND
CORRECT ANSWERS
ReceivablesA2withA2FullA2ReservesA2-A2Ans--(Assets)
TaxesA2Receivable
TaxA2TitleA2Liens
PropertyA2AcquiredA2forA2Taxes
DueA2fromA2AnimalA2CtrA2Fund

taxesA2receivableA2-A2Ans--AssetA2(fullA2rsv)

TaxA2titleA2liensA2-A2Ans--AssetA2(fullA2rsv)

PropertyA2acquiredA2forA2taxesA2-A2Ans--AssetA2(fullA2rsv)

DueA2fromA2AnimalA2CtrA2-A2Ans--AssetA2(fullA2rsv)

EmergencyA2authorizationA2-A2Ans--AssetA2(deferredA2charge)A2NOA2RSV

AppropriationA2rsvA2-A2Ans--Liability

RsvA2forA2EncumbrancesA2-A2Ans--Liability

PrepaidA2taxesA2-A2Ans--Liability

TaxA2OverpaymentsA2-A2Ans--Liability

CountyA2taxesA2payableA2-A2Ans--Liability

RsvA2for:
TaxesA2receivable
TaxA2titleA2liens
PropertyA2acquiredA2forA2taxes
DueA2fromA2AnimalA2CtrA2-A2Ans--Liabilities

DueA2fromA2StateA2ofA2NJA2-A2VetA2andA2SnrA2CitzA2DedA2-A2Ans--AssetA2(NOA2RSV)

InA2theA2bankA2rec,A2whereA2doA2youA2includeA2moneyA2fromA2theA2changeA2fund?A2-
A2Ans--InA2theA2"CashA2onA2Hand"A2columnA2(akaA2theA2DepositsA2inA2Transit)

InA2theA2bankA2rec,A2whatA2isA2theA2columnA2youA2useA2forA2depositsA2inA2transit?A2-
A2Ans--"CashA2OnA2Hand"

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Uploaded on: November 25, 2025
Number of pages: 3
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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