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Author Question: When a hospital uses funds for internal record-keeping purposes, Specific Purpose Funds are those ... (Read 77 times)

jjjetplane

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on: Jul 5, 2018
When a hospital uses funds for internal record-keeping purposes, Specific Purpose Funds are those that are:
 
  a. limited as to use by hospital trustees to specific purposes
  b. restricted by donors or grantors to specific operating purposes
  c. restricted by donors or grantors to specific operating or capital purposes
  d. restricted by any legal agreement, such as a bond agreement or a trust arrangement

Question 2

To close a revenue account with a credit balance, debit the account for its balance and credit the income summary account.
 a. True
   b. False
   Indicate whether the statement is true or false


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flexer1n1

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

(Use of funds)

Answer to Question 2

True


jjjetplane

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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

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