« previous next »

Author Question: The cash receipts journal will be used for a. only cash received from customers on account b. all ... (Read 76 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
The cash receipts journal will be used for
 a. only cash received from customers on account
  b. all cash received for any purpose
  c. cash received from customers on account and cash sales
  d. only cash received from cash sales

Question 2

Why are separate operating statements prepared for governmental funds and proprietary funds in the fund-level financial statements?
 
  a. because a single operating statement would require too many columns for the average reader to understand readily
  b. because governmental funds use the full accrual basis of accounting in the fund financial statements, whereas proprietary funds use the modified accrual basis of accounting
  c. because governmental funds have a different measurement focus and basis of accounting than proprietary funds in the fund-level financial statements
  d. because governmental fund operating statements need to be read together with the budget and actual schedules, whereas proprietary fund operating statements do not


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
The distance between the centerline of the main bearing journal and the centerline of the ... The distance between the centerline of the main bearing journal and the centerline of the ...
Many gasoline service stations have signs posted warning customers to place plastic fuel containers ... Many gasoline service stations have signs posted warning customers to place plastic fuel containers ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library