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 172 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?

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?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Column chromatography Column chromatography
Numerical pain level chart with word modifiers. Numerical pain level chart with word modifiers.
The spinal column. The spinal column.
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library