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Author Question: The principal ledger that contains all the balance sheet and income statement accounts is the ... (Read 145 times)

imowrer

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The principal ledger that contains all the balance sheet and income statement accounts is the general ledger.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A capital project is completed, but 500,000 remains in a capital projects fund. How should the government use the 500,000 remaining in the capital projects fund?
 
  a. the government should retain the remaining funds in the capital projects fund for a potential future capital project
  b. the government should consult provisions of relevant grant and bond issues, which may provide guidance regarding its use
  c. the first-in, first out basis
  d. residual amounts in a capital projects fund after completion of a project must be transferred to a debt service fund



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lauravaras

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Answer to Question 1

True

Answer to Question 2

b




imowrer

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it


ktidd

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Reply 3 on: Yesterday
Excellent

 

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