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Author Question: Long-term liabilities may also be called long-term debt. a. True b. False Indicate whether the ... (Read 58 times)

Haya94

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on: Jul 5, 2018
Long-term liabilities may also be called long-term debt.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

In budgetary accounting, entries are made to record the expending of appropriations when supplies are consumed.
 
  Indicate whether the statement is true or false


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TheDev123

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

True

Answer to Question 2

False. In budgetary accounting  depending on the circumstances - budgetary authority is expended when a commitment is made, when the supplies are ordered, or when goods are received.


Haya94

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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