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

Author Question: Accounts whose balances apply to one fiscal period only are called permanent accounts. Indicate ... (Read 135 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jul 6, 2018
Accounts whose balances apply to one fiscal period only are called permanent accounts.
  Indicate whether the statement is true or false

Question 2

During the year, Nathan Township amended its General Fund budget to reflect an increase in appropriations of 50,000 to be financed by an appropriation of existing fund balance.
 
  What would the necessary budgetary entry be to reflect this amendment?
 
  dr cr
 
  a. Appropriations 50,000Revenues 50,000
  b. Appropriations 50,000Unreserved Fund Balance 50,000
  c. Revenues 50,000Appropriations 50,000
  d. Unreserved Fund Balance 50,000
  Appropriations 50,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 6, 2018
Answer to Question 1

F

Answer to Question 2

A


Garrulous

  • Hero Member
  • *****
  • Posts: 686
Reply #2 on: Jul 6, 2018
Thank you :)


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 6, 2018
Happy to help you


« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
How can we apply the categorical imperative to environmental issues? How can we apply the categorical imperative to environmental issues?
Apply two-handed kneading to quadriceps, adductor, and abductor muscles of the thigh. Apply two-handed kneading to quadriceps, adductor, and abductor muscles of the thigh.
Knuckle friction to tibialis anterior. Apply superficial friction along lateral side of tibia from ... Knuckle friction to tibialis anterior. Apply superficial friction along lateral side of tibia from ...
Embryonic Period - By the second day after fertilization Embryonic Period - By the second day after fertilization
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library