« previous next »

Author Question: Journalizing and posting the adjustments and closing entries updates the ledger for the new ... (Read 81 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 5, 2018
Journalizing and posting the adjustments and closing entries updates the ledger for the new accounting period.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following best describes an assignment of fund balance?
 
  a. it is a government's intent to spend resources for specific purposes
  b. it is another term for a budgetary fund balance reserved for encumbrances
  c. it is constrained as a result of a formal action by a government's legislative body
  d. it is a legal segregation of fund balance, and must be used for the purpose assigned


Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Sample Checklist of Opening and Closing Duties Sample Checklist of Opening and Closing Duties
Adjustments Adjustments
Examples of SOAP Note entries. Examples of SOAP Note entries.
Sample of a weekly bookkeeping ledger. Sample of a weekly bookkeeping ledger.
Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic? Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic?
Adjustments of the Infant at Birth Adjustments of the Infant at Birth
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library