Increases are entered on the credit side of a(n)
a. asset account.
b. liability account.
c. expense account.
d. drawing account.
Question 2
The Cable Enterprise Fund purchased 300,000 of capital equipment during the year. The one-worksheet conversion adjustment necessary for the preparation of the government-wide financial statements would be
Debit Credit
A. Capital Assets
Capital Outlay Expenditures 300,000
300,000
B. Capital Assets
Cash 300,000
300,000
C. Capital Assets
Capital Contributions 300,000
300,000
D. Capital Assets
Capital Outlay Expenses 300,000
300,000
Nucleosome side on
Side view
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