Author Question: Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger ... (Read 61 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means
 a. all of the information from the journal was correctly transferred to the ledger
  b. all accounts have their correct balances in the ledger
  c. only the journal is accurate; the ledger may be incorrect
  d. only that the debit dollar amounts equal the credit dollar amounts

Question 2

If the governing body contributes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
 
  A. A debt service expenditure of 65,000.
  B. An other financing use of 65,000.
  C. A capital contribution of 65,000.
  D. A reimbursement of 65,000.



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library