Author Question: Entries required to close the balances of the temporary accounts at the end of the period are called ... (Read 107 times)

jace

  • Hero Member
  • *****
  • Posts: 541
Entries required to close the balances of the temporary accounts at the end of the period are called final entries.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The information generated from the accounting system of a governmental-type fund
 
  a. is budget oriented
  b. measures profitability
  c. measures operational efficiency
  d. is intended for use only by legislators



lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

False

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

For a complete list of videos, visit our video library