Inventory shortages are debited to a. Merchandise Inventory b. ...

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Inventory shortages are debited to
 a. Merchandise Inventory
   b. Cost of Goods Sold
   c. Inventory Short/Over
   d. Sales

Question 2

The city's Capital Projects Fund had an excess of expenditures over revenues for the current year. Which of the following explanations for the excess is plausible?
 
  a. The city financed a substantial portion of the project in the previous year.
  b. The city financed a significant portion of the project by issuing long-term bonds during the year
  c. The city financed a significant portion of the project from property taxes transferred from the General Fund.
  d. All of the above are plausible explanations

[Jbrasil]

Answer to Question 1

b

Answer to Question 2

D