Which one of the statements below is nota purpose for the journal?
a. to show increases and decreases in accounts
b. to show a chronological order by date
c. to show a complete transaction in one place
d. to help locate errors
Question 2
Topics to be covered in the management's discussion and analysis
A. Are limited to a specific list of topics in GASB Statement No. 34.
B. Must, at a minimum, cover the specific list of topics in GASB Statement No. 34 but may include additional topics that management considers significant.
C. Are determined based upon management's judgment.
D. Can only include topics not in the specific list in GASB Statement No. 34 if agreed to by both management and the auditors.
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