Author Question: In the cash receipts journal, the total amount in the Other Accounts column is posted at the end of ... (Read 98 times)

leo leo · **on:** Jul 6, 2018

In the cash receipts journal, the total amount in the Other Accounts column is posted at the end of the month.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following statements is false?

a. Capital leases are not commonly reported in a Capital Projects Fund.
b. A governmental entity may report a Capital Project Fund in one year but not the next.
c. Budgetary entries are commonly made in a Capital Projects Fund.
d. Debt service payments on capital-related debt are paid from a Capital Projects Fund.
e. All of the above statements are false statements.