This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is not a typical governmental fund liability, and thus not an expenditure ... (Read 25 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jul 5, 2018
Which of the following is not a typical governmental fund liability, and thus not an expenditure that is recognized when the liability is incurred?
 
  A. Accounts payable.
  B. Long-term note payable.
  C. Salaries payable.
  D. Vouchers payable.

Question 2

Ramierez Company received its first electric bill in the amount of 60 which will be paid next month. How will thistransaction affect the accounting equation?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

Increase Liabilities (Accounts Payable) and decrease Owner's Equity (UtilitiesExpense)


Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jul 5, 2018
:D TYSM

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

A typical injector-pump-type automotive diesel fuel injection system. A typical injector-pump-type automotive diesel fuel injection system.
Typical fireproof flammable storage cabinet. Typical fireproof flammable storage cabinet.
A typical two-wire coil-on-plug ignition system showing the triggering and the switching being ... A typical two-wire coil-on-plug ignition system showing the triggering and the switching being ...
A typical bus system showing module CAN communications and twisted pairs of wire. A typical bus system showing module CAN communications and twisted pairs of wire.
A typical belt-driven AIR pump. Air enters through the revolving fins behind the drive pulley. The ... A typical belt-driven AIR pump. Air enters through the revolving fins behind the drive pulley. The ...
A typical evaporative emission control system. Note that when the computer turns on the canister ... A typical evaporative emission control system. Note that when the computer turns on the canister ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library