Author Question: Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger ... (Read 60 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means
 a. all of the information from the journal was correctly transferred to the ledger
  b. all accounts have their correct balances in the ledger
  c. only the journal is accurate; the ledger may be incorrect
  d. only that the debit dollar amounts equal the credit dollar amounts

Question 2

If the governing body contributes 65,000 from the General Fund to a Debt Service Fund, the General Fund statements should report
 
  A. A debt service expenditure of 65,000.
  B. An other financing use of 65,000.
  C. A capital contribution of 65,000.
  D. A reimbursement of 65,000.



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

For a complete list of videos, visit our video library