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Author Question: The journal is commonly referred to as a(n) ____________________, because it is here that the first ... (Read 15 times)

ec501234

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on: Jul 5, 2018
The journal is commonly referred to as a(n) ___________________ _, because it is here that the first formal accounting record of a transaction is made.
 Fill in the blank(s) with correct word

Question 2

In what way do Internal Service Funds differ from Enterprise Funds?
 
  a. in the basis of accounting that they use
  b. in the nature of the entities to which they supply goods or services
  c. in the measurement focus that they use
  d. in the kinds of financial statements that they prepare


cat123

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

book of original entry

Answer to Question 2

b


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