Author Question: The drawing account is closed to the income summary account. a. True b. False Indicate whether ... (Read 248 times)

pepyto · **on:** Jul 5, 2018

The drawing account is closed to the income summary account.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Which line item does not properly appear in the Statement of Revenues, Expenditures, and Changes in Fund Balance (operating statement) of a governmental fund?

a. expenditures--debt service
b. expenditures--capital outlay
c. property taxes receivable
d. beginning fund balance

skipfourms123 · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

False

Answer to Question 2

c

pepyto · **Reply #2 on:** Jul 5, 2018

Correct answers!

skipfourms123 · **Reply #3 on:** Jul 5, 2018

Great! Please up vote

Author Question: The drawing account is closed to the income summary account. a. True b. False Indicate whether ... (Read 248 times)

pepyto

The drawing account is closed to the income summary account. a. True b. False Indicate whether ...

skipfourms123

The drawing account is closed to the income summary account. a. True b. False Indicate whether ...

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pepyto

The drawing account is closed to the income summary account. a. True b. False Indicate whether ...

skipfourms123

The drawing account is closed to the income summary account. a. True b. False Indicate whether ...