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Author Question: In which journal is the receipt of a promissory note from a customer on account recorded? a. ... (Read 31 times)

beccaep

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on: Jul 5, 2018
In which journal is the receipt of a promissory note from a customer on account recorded?
 a. revenue journal
  b. cash receipts journal
  c. general journal
  d. purchases journal

Question 2

If a government derives a large portion of its tax revenues from economy-sensitive taxes, the size of which of the following ratios would be of most concern to a financial analyst?
 
  a. ratio of real property taxes receivable to real property tax revenues
  b. ratio of total available fund balance to total revenues
  c. ratio of program expenses to total expenses
  d. portion of real property taxes collected in the year of the tax levy


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ilianabrrr

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

b


beccaep

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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