Accrued revenues would appear on the balance sheet as a. assets ...

[imowrer]

Accrued revenues would appear on the balance sheet as
 a. assets
  b. liabilities
  c. capital
  d. prepaid expenses

Question 2

The City of Kent's police department needs a new police car. A police car is ordered at an estimated cost of 34,000 and the appropriate budgetary control journal entry is made. When the car is received, the actual cost is 35,000 .
 
  Which of the following is a part of the budgetary entry that should be made when the police car is received?
   a. debit encumbrances for 34,000
   b. credit encumbrances for 34,000
   c. debit encumbrances for 35,000
   d. credit encumbrances for 35,000

[irishcancer18]

Answer to Question 1

a

Answer to Question 2

b

[imowrer]

Thanks for the timely response, appreciate it

[kishoreddi]

Excellent