Author Question: It is much more important to post daily to the subsidiary ledger than to post daily to the general ... (Read 59 times)

debasdf · **on:** Jul 6, 2018

It is much more important to post daily to the subsidiary ledger than to post daily to the general ledger.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The primary purpose of a fund is

A. To provide expenditure authority for a government or not-for-profit organization.
B. To segregate an organization's resources according to the purpose(s) for which they are to be used.
C. To keep an organization's constituency from trying to insist that the organization utilize resources that it wants to save for a specific future objective.
D. To confuse and confound the legislative body as to the use and purpose of government resources.