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Author Question: The General Capital Assets nonfund account would be used to account for A. All capital assets ... (Read 48 times)

Anajune7

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The General Capital Assets nonfund account would be used to account for
 
  A. All capital assets acquired by a government entity regardless of the fund purchasing the asset.
  B. Capital assets acquired with governmental fund resources that will be used in governmental fund activities.
  C. Capital assets acquired with debt proceeds only.
  D. Capital assets that are used by a variety of governmental and proprietary funds.

Question 2

The Salaries Payable Control account has underlying subsidiary ledgers.
 
  Indicate whether this statement is true or false.



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Christopher

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Answer to Question 1

B

Answer to Question 2

Answer: TRUE




Anajune7

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Reply 2 on: Jul 5, 2018
Wow, this really help


alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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