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Author Question: The drawing account is closed to the income summary account. a. True b. False Indicate whether ... (Read 48 times)

pepyto

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on: Jul 5, 2018
The drawing account is closed to the income summary account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which line item does not properly appear in the Statement of Revenues, Expenditures, and Changes in Fund Balance (operating statement) of a governmental fund?
 
  a. expenditures--debt service
  b. expenditures--capital outlay
  c. property taxes receivable
  d. beginning fund balance


skipfourms123

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

False

Answer to Question 2

c


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pepyto

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Reply #2 on: Jul 5, 2018
Correct answers!


skipfourms123

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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