Author Question: A schedule of Accounts Receivable is prepared from: a. Trial Balance b. Balance Sheet c. ... (Read 129 times)

rl

  • Hero Member
  • *****
  • Posts: 579
A schedule of Accounts Receivable is prepared from:
 a. Trial Balance
   b. Balance Sheet
   c. Accounts Receivable Subsidiary Ledger
   d. Accounts Receivable Control Account

Question 2

Assume that a government purchases 85,000 of General Fund inventory during the year. The General Fund began the year with an inventory balance of 15,000 and ended the year with a balance of 35,000 .
 
  The General Fund uses the consumption method of inventory accounting and a perpetual inventory system. The General Fund should report
  a. no expenditures for the year as the General Fund uses a perpetual inventory system.
  b. expenditures of 85,000 for the year.
  c. expenditures of 65,000 for the year.
  d. transfers out of 85,000 for the year.
  e. transfers out of 65,000 for the year.



kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Answer to Question 1

c

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library