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Author Question: Generally accepted accounting principles are procedures and guidelines to be followed in the ... (Read 86 times)

Davideckstein7

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  • Posts: 555
on: Jul 5, 2018
Generally accepted accounting principles are procedures and guidelines to be followed in the accounting/reporting process.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A special tax has been levied by the city council in a formal vote. This new revenue source has been set aside for debt service purposes. This revenue source would most likely impact
 
  A. Restricted fund balance.
  B. Committed fund balance.
  C. Assigned fund balance.
  D. Unassigned fund balance.


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tashiedavis420

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

True

Answer to Question 2

B


Davideckstein7

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  • Posts: 555
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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