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Author Question: In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the ... (Read 93 times)

amal

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  • Posts: 572
on: Jul 6, 2018
In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the end of the month.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A government has general obligation bonds that mature in the next fiscal year. The bonds should be removed from the General Long-Term Liabilities accounts
 
  a. At the end of the current fiscal year since they will be current liabilities at that time.
  b. In the next fiscal year (in which they mature) if they are paid in that period.
  c. In the next fiscal year (in which they mature).
  d. None of the above.


bob

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

False

Answer to Question 2

C


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