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Author Question: Entries in the Accounts Payable Debit column of the cash payments journal are posted daily to the ... (Read 80 times)

tatyanajohnson

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on: Jul 6, 2018
Entries in the Accounts Payable Debit column of the cash payments journal are posted daily to the accounts payable ledger.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following is not a primary financial reporting objective of state and local government (SLG) reporting?
 
  A. Provide information necessary to assess the level of LG services and its ability to continue to finance its activities and meet its obligations.
  B. Provide information necessary for investment and credit decisions.
  C. Provide a means of demonstrating the SLG's accountability that enables users to assess that accountability.
  D. Provide information necessary to evaluate the SLG's operating results for the period.


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samiel-sayed

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Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

B


tatyanajohnson

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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