Generally, subsidiary ledgers are used for general ledger ...

[sheilaspns]

Generally, subsidiary ledgers are used for general ledger accounts that consist of a large number of individual items.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Under which of the following circumstances must an Enterprise Fund be used?
 
  a. when its activities are partially financed with advances from the general fund
  b. when its activities are financed with debt that is secured solely by the full faith and credit of the related primary government
  c. when its activities are financed with debt that is secured solely by a pledge of the net revenues from the charges made by the activity
  d. when its activities are financed in such a way that all costs except capital costs are covered.

[frankwu0507]

Answer to Question 1

True

Answer to Question 2

c

[sheilaspns]

YES! Correct, THANKS for helping me on my review

[aliotak]

Thanks for the timely response, appreciate it