Author Question: Journalizing and posting the adjustments and closing entries updates the ledger for the new ... (Read 38 times)

K@

  • Hero Member
  • *****
  • Posts: 608
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
Answer to Question 1

True

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library