Author Question: Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger ... (Read 141 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means
 a. all of the information from the journal was correctly transferred to the ledger
  b. all accounts have their correct balances in the ledger
  c. only the journal is accurate; the ledger may be incorrect
  d. only that the debit dollar amounts equal the credit dollar amounts

Question 2

If the governing body contributes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
 
  A. A debt service expenditure of 65,000.
  B. An other financing use of 65,000.
  C. A capital contribution of 65,000.
  D. A reimbursement of 65,000.



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library