Author Question: Which of the following governmental fund revenue sources is typically recorded as revenues only when ... (Read 64 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
Which of the following governmental fund revenue sources is typically recorded as revenues only when cash is received?
 
  a. Property taxes
  b. Sales taxes
  c. Building inspection fees
  d. Reimbursement grants
  e. All of the above revenue sources are only recognized as they are collected in cash.

Question 2

Amounts are posted individually from the purchases journal to the
 a. Credit column of the creditors' accounts in the accounts payable ledger.
   b. Credit column of the Inventory account in the general ledger.
   c. Credit column of the Accounts Receivable account in the general ledger.
   d. Debit column of the Cash account in the general ledger.
   e. Credit column of the Cash account in the general ledger.



Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

Posted another one can you check that one too? Thanks.

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library