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Author Question: The unrestricted net position balance for a local government a. cannot be negative b. normally ... (Read 79 times)

littleanan

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on: Jul 5, 2018
The unrestricted net position balance for a local government
 
  a. cannot be negative
  b. normally is the largest component of the total net position balance
  c. can be negative
  d. equals the sum of the unrestricted fund balances of the major governmental funds

Question 2

The following cash receipts journal headings have been suggested for Tower Tree-Trimming Service Company.Which of the following statements is false? Date AccountDebited Post.Ref. AccountsReceivable Cr. CashCr. Other AccountsDr.
 a. The second column should be Account Credited.
  b. The Cash column should be a debit.
  c. The Other Accounts column should be a credit.
  d. The Accounts Receivable column should be a debit.


polinasid

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

c

Answer to Question 2

d


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