Author Question: Which of the following account captions are you least likely to see on a governmental funds balance ... (Read 27 times)

Mr. Wonderful

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Which of the following account captions are you least likely to see on a governmental funds balance sheet?
 
  a. Due from other governments
  b. Property, plant and equipment
  c. Advance deposits
  d. Due to other funds

Question 2

The cash basis of accounting and the accrual basis of accounting result in the same measures of net income.
 a. True
   b. False
   Indicate whether the statement is true or false



yuyiding

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Answer to Question 1

b

Answer to Question 2

False



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