Author Question: Accumulated depreciation is not reported on which of the following financial statements? A. ... (Read 84 times)

newbem · **on:** Jul 5, 2018

Accumulated depreciation is not reported on which of the following financial statements?

A. Government-wide statement of net position.
B. General Fund balance sheet.
C. Enterprise Fund statement of net position.
D. Private-Purpose Trust Fund statement of fiduciary fund net position.

Question 2

An account is said to have a debit balance if
a. the amount of the debits exceeds the amount of the credits
b. there are more entries on the debit side than on the credit side
c. there are more entries on the credit side than on the debit side
d. the first entry of the accounting period was posted on the debit side