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Author Question: The right hand side of a T account is known as a debit and the left hand side is known as a credit. ... (Read 49 times)

ARLKQ

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on: Jul 5, 2018
The right hand side of a T account is known as a debit and the left hand side is known as a credit.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following accounts would typically not be reported in an agency fund?
 
  a. Due to Other Governments
  b. Taxes Receivable
  c. Restricted Net Assets
  d. Cash
  e. Both items a and c.


Anton

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


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