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

Author Question: If the debit portion of an adjusting entry is to an asset account, then the credit portion must be ... (Read 77 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jul 5, 2018
If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The General Fund's share of its contribution to a Pension Trust Fund on behalf of the its employees would be reported by the General Fund as
 
  A. A transfer out.
  B. An other financing source.
  C. An expenditure.
  D. An other financing use.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jul 5, 2018
:D TYSM

upturnedfurball

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

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
An example of a portion of a manifest used in marine transportation. An example of a portion of a manifest used in marine transportation.
The CAMEO entry for chlorine. Useful information includes chemical and physical properties, personal ... The CAMEO entry for chlorine. Useful information includes chemical and physical properties, personal ...
Portion sizes of French fries have more than doubled from the past Portion sizes of French fries have more than doubled from the past
The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library