Author Question: Immediately after a reversing entry to reverse the entry for accrued salaries has been posted, ... (Read 341 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Immediately after a reversing entry to reverse the entry for accrued salaries has been posted, Salary Expense will have a credit balance.
  Indicate whether the statement is true or false

Question 2

For governmental funds, the minimum financial statements required to be presented in the fund financial statements include a
 
  a. Balance sheet.
  b. Statement of revenues, expenditures, and changes in fund balances (GAAP basis)
  c. Budgetary comparison statement for all fund with annual budgets
  d. Both items a and b



duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

T

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library