Free AGA GAFRB Exam Questions

Become AGA Certified with updated GAFRB exam questions and correct answers

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Total 116 Questions | Updated On: Mar 08, 2026
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Question 1

The objectives of federal financial reporting include all of the following EXCEPT


Answer: C
Question 2

For state and local governments, a fund that is legally restricted to the use of earnings with the principal protected is 


Answer: B
Question 3

Separate fund financial statements should be presented for  


Answer: B
Question 4

Which of the following events is an example of an expenditure but not an expense?  


Answer: C
Question 5

For state and local governments, a fund that is legally restricted to the use of earnings with the principal protected is 


Answer: B
Page:    1 / 24      
Total 116 Questions | Updated On: Mar 08, 2026
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