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Author Question: What does the Undeposited Funds account represent? a. This account is a permanent account. b. ... (Read 59 times)

humphriesbr@me.com

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on: Jul 6, 2018
What does the Undeposited Funds account represent?
 a. This account is a permanent account.
   b. This is only used for reconciliations.
   c. This is a holding account used until you make a deposit at the bank.
   d. None of the above

Question 2

A government issued bond anticipation notes to provide initial financing for a general government capital project. The bond anticipation note
 
  a. proceeds are always reported as an other financing source in the Capital Projects Fund.
  b. payable should be reported as a liability of the Capital Projects Fund except when the original term of the notes exceeds one year.
  c. payable must always be repaid from a Debt Service Fund.
  d. None of the above.


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milbourne11

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

D


humphriesbr@me.com

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Reply #2 on: Jul 6, 2018
Correct answers!


milbourne11

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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