Author Question: A trial balance is taken periodically to check the equality of the debits and credits. a. True b. ... (Read 54 times)

@Brianna17 · **on:** Jul 5, 2018

A trial balance is taken periodically to check the equality of the debits and credits.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Depreciation expense on assets of the public safety function totaled 195,000 for the year. What is the effect on the operating statement conversion worksheet in the two-worksheet approach of this event?

A. There is no effect. The impact of depreciation is already reflected in the General Capital Assets accounts.
B. Public safety expenditures/expenses will be increased by 195,000.
C. Unallocated depreciation for the governmental activities will be increased by 195,000.
D. The depreciation will decrease the program revenues of the public safety function.