« previous next »

Author Question: Journalizing and posting the adjustments and closing entries updates the ledger for the new ... (Read 25 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 5, 2018
Journalizing and posting the adjustments and closing entries updates the ledger for the new accounting period.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following best describes an assignment of fund balance?
 
  a. it is a government's intent to spend resources for specific purposes
  b. it is another term for a budgetary fund balance reserved for encumbrances
  c. it is constrained as a result of a formal action by a government's legislative body
  d. it is a legal segregation of fund balance, and must be used for the purpose assigned


Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Sample Checklist of Opening and Closing Duties Sample Checklist of Opening and Closing Duties
Adjustments Adjustments
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
An Internet connection is usually needed to perform updates although some vehicle manufacturers use ... An Internet connection is usually needed to perform updates although some vehicle manufacturers use ...
The opening and closing of voltage-activated sodium and potassium channels during the three phases ... The opening and closing of voltage-activated sodium and potassium channels during the three phases ...
Accounting (Making Entries) Accounting (Making Entries)
Video: Introduction to Genetics

For a complete list of videos, visit our video library