Author Question: Even when special journals are used, closing journal entries are recorded in the general journal. ... (Read 110 times)

jhjkgdfhk · **on:** Jul 5, 2018

Even when special journals are used, closing journal entries are recorded in the general journal.
a. True
b. False

Indicate whether the statement is true or false

Question 2

To achieve the pricing objective of an Internal Service Fund, which measurement focus and basis of accounting must be used?

a. cash measurement focus and cash basis of accounting
b. current financial resources measurement focus and full accrual basis of accounting
c. economic resources measurement focus and modified accrual basis of accounting
d. economic resources measurement focus and full accrual basis of accounting