Question

Which line of the Monthly Statement of Accountability (SF 1219) must be equal to the NET total of all checks issued as reported on the Month End Check Issue Summary (SF-1179)?

a) Line 3
b) Line 4
c) Line 5
d) Line 6

Answer 1

Line 4 of the Monthly Statement of Accountability (SF 1219) must match the NET total of all checks issued according to the Month End Check Issue Summary (SF-1179) for accurate financial reporting and accountability.

Step-by-step explanation:

The question pertains to the reconciliation of government financial forms, specifically the Monthly Statement of Accountability (SF 1219) and the Month End Check Issue Summary (SF-1179). Line 4 must be equal to the NET total of all checks issued as reported on the SF-1179. This is essential for maintaining accurate records and ensuring accountability in financial reporting. Correct reconciliation ensures that the issued checks are accounted for in the government's bookkeeping systems.