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Author Question: Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and ... (Read 126 times)

Capo

  • Hero Member
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  • Posts: 545
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


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cpetit11

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

True

Answer to Question 2

e


Capo

  • Member
  • Posts: 545
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

JCABRERA33

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  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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