Author Question: Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger ... (Read 125 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?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

For a complete list of videos, visit our video library