Author Question: Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and ... (Read 88 times)

Capo · **on:** Jul 5, 2018

Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following could be reported in the balance sheet for a General Fund?

a. Tax anticipation notes
b. Revenue anticipation notes
c. Serial bonds
d. all of the above
e. only a and b