Author Question: Entries required to close the balances of the temporary accounts at the end of the period are called ... (Read 108 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?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library