« previous next »

Author Question: A debit is abbreviated as Db and a credit is abbreviated as Cr. a. True b. False Indicate ... (Read 126 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jul 5, 2018
A debit is abbreviated as Db and a credit is abbreviated as Cr.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Assume that a government purchases 85,000 of inventory for the General Fund during the year. The General Fund began the year with an inventory balance of 15,000 and ended the year with a balance of 35,000 .
 
  The General Fund uses the consumption method of inventory accounting and a perpetual inventory system. The General Fund should report
  A. Expenditures of 85,000 for the year.
  B. Expenditures of 65,000 for the year.
  C. Other financing source of 20,000 for the year.
  D. Other financing use of 20,000 for the year.


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

anshika

  • Hero Member
  • *****
  • Posts: 510
Reply #2 on: Jul 5, 2018
Thank you


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
The Sun in false-color ultraviolet image The Sun in false-color ultraviolet image
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library