This topic contains a solution. Click here to go to the answer

Author Question: The city council decides to close the Library Special Revenue fund and send its remaining resources ... (Read 72 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
The city council decides to close the Library Special Revenue fund and send its remaining resources (45,000 cash) to the General Fund. What account should the Library Special Revenue Fund debit when it sends the cash to the General Fund?
 
  a. advance to general fund
  b. transfer out to general fund
  c. due from general fund
  d. expenditures - fund closeout

Question 2

Expenses that are incurred in operating the enterprise increase owner's equity.
 a. True
   b. False
   Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Answer to Question 1

b

Answer to Question 2

False




bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jul 5, 2018
Gracias!


Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

For a complete list of videos, visit our video library