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Author Question: A purchase of an asset on account a. increases cash. b. decreases owner's equity. c. increases ... (Read 50 times)

jace

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on: Jul 5, 2018
A purchase of an asset on account
 a. increases cash.
   b. decreases owner's equity.
   c. increases assets.
   d. decreases expenses.

Question 2

Which transactions of a federal agency require both budgetary and proprietary entries?
 
  a. Receipt of budgetary authority from the Congress, i.e., receipt of appropriation.
  b. Consumption of materials and supplies.
  c. Depreciation of capital assets
  d. Signing a contract to buy services


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janeli1

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

c

Answer to Question 2

A


jace

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Reply #2 on: Jul 5, 2018
Correct answers!


janeli1

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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