Author Question: In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the ... (Read 92 times)

amal

  • Hero Member
  • *****
  • Posts: 572
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

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

False

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library