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 173 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?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig
Classification of ceramic materials on the basis of application Classification of ceramic materials on the basis of application
Column of Trajan Column of Trajan
How much the temperature will rise depends on many factors that affect the level of GHG emission How much the temperature will rise depends on many factors that affect the level of GHG emission
Development Accounting Development Accounting
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library