This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A General Fund receives an invoice from the Electric Utility Fund (an Enterprise Fund) for ... (Read 160 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jul 5, 2018
A General Fund receives an invoice from the Electric Utility Fund (an Enterprise Fund) for electricity provided by the Utility Fund. When it receives the invoice, what account should be debited in the General Fund?
 
  a. due from electric utility fund
  b. transfer in from electric utility fund
  c. expenditures - utility services
  d. due to electric utility fund

Question 2

The terms profit and loss statement or operating statement are sometimes used as synonyms for the balance sheet.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

False


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

General structure of a plant cell General structure of a plant cell
A cutaway view of a typical two-stage turbine electric fuel pump. A cutaway view of a typical two-stage turbine electric fuel pump.
A typical electric motor-driven AIR pump. This unit is on a Chevrolet Corvette and only works when ... A typical electric motor-driven AIR pump. This unit is on a Chevrolet Corvette and only works when ...
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
A general scheme for adding one amino acid in solid-phase peptide synthesis A general scheme for adding one amino acid in solid-phase peptide synthesis
Electric Light Orchestra (ELO) - Telephone Line + Lyrics Electric Light Orchestra (ELO) - Telephone Line + Lyrics
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library