This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In what circumstance is a Capital Projects Fund required to be used in governmental accounting? ... (Read 119 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jul 5, 2018
In what circumstance is a Capital Projects Fund required to be used in governmental accounting?
 
  a. to record the acquisition or construction of all capital assets
  b. to record the acquisition or construction of any capital asset that is not recorded in an Enterprise Fund
  c. when capital projects are at least partially financed by general obligation bond proceeds
  d. to record the acquisition or construction of all major capital assets, except infrastructure assets

Question 2

There are four closing entries. The first one is to close revenues, the second one is to close expenses, the third one is to close , and the last one is to close the .
 a. Income Summary, drawing account
  b. Income Summary, capital account
  c. Income Summary, assets
  d. drawing account; Income Summary


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

a


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jul 5, 2018
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Natural capital degradation Natural capital degradation
Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con Becoming a Certified Medical Assistant may demonstrate your commitment to the profession and the con
Who Gets Executed? Gender Bias in Capital Punishment Who Gets Executed? Gender Bias in Capital Punishment
Capital-Biased Technological Change Capital-Biased Technological Change
Horngren's Accounting, 11th Edition Horngren's Accounting, 11th Edition
Accounting Question Accounting Question
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library