Even when special journals are used, closing journal entries are ...

[jhjkgdfhk]

Even when special journals are used, closing journal entries are recorded in the general journal.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

To achieve the pricing objective of an Internal Service Fund, which measurement focus and basis of accounting must be used?
 
  a. cash measurement focus and cash basis of accounting
  b. current financial resources measurement focus and full accrual basis of accounting
  c. economic resources measurement focus and modified accrual basis of accounting
  d. economic resources measurement focus and full accrual basis of accounting

[tranoy]

Answer to Question 1

True

Answer to Question 2

d

[jhjkgdfhk]

Thanks for the timely response, appreciate it

[cam1229]

YES! Correct, THANKS for helping me on my review