Author Question: At the end of the month, the total of the amount column of the revenue journal is posted as a a. ... (Read 146 times)

Marty · **on:** Jul 5, 2018

At the end of the month, the total of the amount column of the revenue journal is posted as a
a. debit to Accounts Receivable and a credit to Cash
b. debit to Accounts Receivable and a credit to Fees Earned
c. debit to Cash and a credit to Fees Earned
d. debit to Cash and a credit to Accounts Payable

Question 2

Which measurement focus should be used in government-wide financial statements?

a. the same measurement focus as that used in accounting for each fund type
b. the current financial resources measurement focus
c. the economic resources measurement focus
d. the economic resources measurement focus for governmental fund types and the current financial resource measurement focus for proprietary and fiduciary fund types