This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which basis of accounting must be used in presenting the actual column of the fund-level budgetary ... (Read 154 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jul 5, 2018
Which basis of accounting must be used in presenting the actual column of the fund-level budgetary comparison schedules for the General Fund and major Special Revenue Funds?
 
  a. the government's budgetary basis of accounting
  b. the modified accrual basis of accounting
  c. the full accrual basis of accounting
  d. the cash basis of accounting

Question 2

In completing the work sheet, what is the reason for adding the net income for the year to the Balance Sheet Credit column?
 a. Owner's equity is not up-to-date.
   b. Cash is not up-to-date.
   c. Owner's withdrawal is not up-to-date.
   d. Sales is not up-to-date.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

a


sabina

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jul 5, 2018
Thank you :)


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Mechanisms of Penile Erection and Basis for Pharmacological Treatment of Erectile Dysfunction Mechanisms of Penile Erection and Basis for Pharmacological Treatment of Erectile Dysfunction
Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
Projections of global temperature depend heavily on the level of future greenhouse gas emissions Projections of global temperature depend heavily on the level of future greenhouse gas emissions
Prove the argument using two column proof numbers 2 and 5 only. Prove the argument using two column proof numbers 2 and 5 only.
Ligaments and Intervertebral Discs of the Spine Lateral View of the Spinal Column (Anterior to the R Ligaments and Intervertebral Discs of the Spine Lateral View of the Spinal Column (Anterior to the R
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library