Author Question: Which of the following is not posted daily when using special journals? a. A transaction involving ... (Read 110 times)

RRMR · **on:** Jul 6, 2018

Which of the following is not posted daily when using special journals?
a. A transaction involving a customer
b. A transaction entered into the Other Accounts column of a special journal
c. A transaction involving a creditor
d. A column total in a special journal
e. Individual numbers in columns and column totals in special journals are all posted daily.

Question 2

A transaction in which a government issues general obligation bonds to finance the future construction of a new police station would

a. increase liabilities in a Debt Service Fund.
b. increase liabilities in a Capital Projects Fund.
c. decrease fund balance in a Debt Service Fund.
d. increase fund balance in a Capital Projects Fund.