Author Question: The total of goods sold on account is normally posted daily from the sales journal to the general ... (Read 70 times)

danielfitts88 · **on:** Jul 6, 2018

The total of goods sold on account is normally posted daily from the sales journal to the general ledger.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A municipality operates a local landfill. How could the landfill facility's operations be reported in the municipality's financial statements?

a. Either in the General Fund or an Enterprise Fund.
b. Only in a General Fund.
c. Only in an Enterprise Fund.
d. Either in the General Fund or a Capital Projects Fund.
e. Only in an Internal Service Fund.