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

Author Question: Which basis of accounting must be used in presenting the actual column of the fund-level budgetary ... (Read 100 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jul 5, 2018
Which basis of accounting must be used in presenting the actual column of the fund-level budgetary comparison schedules for the General Fund and major Special Revenue Funds?
 
  a. the government's budgetary basis of accounting
  b. the modified accrual basis of accounting
  c. the full accrual basis of accounting
  d. the cash basis of accounting

Question 2

In completing the work sheet, what is the reason for adding the net income for the year to the Balance Sheet Credit column?
 a. Owner's equity is not up-to-date.
   b. Cash is not up-to-date.
   c. Owner's withdrawal is not up-to-date.
   d. Sales is not up-to-date.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

a


sabina

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jul 5, 2018
Thank you :)


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a
Distillation column with heat pump Distillation column with heat pump
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
The Gram-Schmidt Process for Finding an Orthonormal Basis The Gram-Schmidt Process for Finding an Orthonormal Basis
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
The basis of modified dihybrid F2 phenotypic ratios The basis of modified dihybrid F2 phenotypic ratios
Video: Digestion Animation

For a complete list of videos, visit our video library