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Author Question: Accounting for revenue on a cash basis means that no entry of revenue is made in the account until ... (Read 61 times)

danielfitts88

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on: Jul 5, 2018
Accounting for revenue on a cash basis means that no entry of revenue is made in the account until the cash is received for the services performed.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following statements is true about the source of Enterprise Fund revenues?
 
  a. enterprise fund revenues may include revenues from sales to governmental agencies
  b. enterprise fund revenues always come from sales to individuals and organizations other than governmental organizations
  c. enterprise funds never receive governmental subsidies
  d. enterprise funds record proceeds from revenue bonds as revenues


otokexnaru

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

True

Answer to Question 2

a


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