Author Question: The system of accounting where revenues are recorded when they are earned and expenses are recorded ... (Read 135 times)

brutforce · **on:** Jul 5, 2018

The system of accounting where revenues are recorded when they are earned and expenses are recorded when they are incurred is called the cash basis of accounting.
a. True
b. False

Indicate whether the statement is true or false

Question 2

A Pension Trust Fund will be reported in the government-wide financial statements within

A. The governmental activities column.
B. The business-type activities column.
C. The discrete component unit presentations.
D. The Pension Trust Fund is not reported at the government-wide level.