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Author Question: The source for preparing the schedule of accounts payable is the a. purchase invoices. b. ... (Read 77 times)

michelleunicorn

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on: Jul 6, 2018
The source for preparing the schedule of accounts payable is the
 a. purchase invoices.
   b. purchases journal.
   c. Accounts Payable controlling account.
   d. accounts payable ledger.
   e. accounts receivable ledger.

Question 2

If an expenditure was inadvertently charged to the General Fund instead of the appropriate Special Revenue Fund, what effect would the correction of this error have on the General Fund?
 
  a. An entry would be made directly to the General Fund's fund balance to correct the error.
  b. Revenues would be increased.
  c. Expenditures would be decreased.
  d. Transfers in would be increased.
  e. None of the above


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ryrychapman11

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

d

Answer to Question 2

C


michelleunicorn

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Reply #2 on: Jul 6, 2018
Thank you :)


ryrychapman11

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Reply #3 on: Jul 6, 2018
Happy to help you


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