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Author Question: Transactions that increase the amount of cash are recorded in the cash payments journal. a. True ... (Read 138 times)

jasdeep_brar

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on: Jul 6, 2018
Transactions that increase the amount of cash are recorded in the cash payments journal.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

If a government earns and collects interest on Capital Projects Fund investments in the same fiscal year, the fund financial statements should report
 
  a. a transfer to the General Fund.
  b. revenues.
  c. deferred revenues.
  d. an other financing source.
  e. None of the above


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cloudre37

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

False

Answer to Question 2

B


jasdeep_brar

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  • Posts: 569
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

Mochi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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