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

Author Question: The accounting equation for a special revenue fund is A. Assets Liabilities = Net Position. B. ... (Read 87 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jul 6, 2018
The accounting equation for a special revenue fund is
 
  A. Assets  Liabilities = Net Position.
  B. Financial Assets + Deferred Outflows  Related Liabilities  Deferred Inflows = Fund Balance.
  C. General Capital Assets  Unmatured General Long-Term Liabilities = Net Assets.
  D. Current Assets = Current Liabilities.

Question 2

An X below the total amount of the Other Accounts column in the Cash Payment journal means
 a. The column is in balance.
   b. The column needs to be posted to the ledger.
   c. Do not post the column total.
   d. All checks posted are accounted for.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

c


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

human muscles position sitting yoga human muscles position sitting yoga
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
A camshaft position actuator used in a cam-in-block engine. A camshaft position actuator used in a cam-in-block engine.
Position of the fetus in late pregnancy results in stresses on the mother’s body. Position of the fetus in late pregnancy results in stresses on the mother’s body.
How to sketch a quadratic equation using transformations after completing the square (Question 2) How to sketch a quadratic equation using transformations after completing the square (Question 2)
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library