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 82 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
Excellent

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
General Biology Vector Icon General Biology Vector Icon
Two general classes of symmetry Two general classes of symmetry
A mechanism for peptidyltransferase involving A2451 (E. coli) as a general base A mechanism for peptidyltransferase involving A2451 (E. coli) as a general base
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library