Author Question: The recording of cash payments from the cash account is done by entering the amount as a credit. a. ... (Read 72 times)

meagbuch · **on:** Jul 5, 2018

The recording of cash payments from the cash account is done by entering the amount as a credit.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The fund used to account for the acquisition or construction of major capital facilities and other capital assets is the

A. General Fund.
B. Special Revenue Fund.
C. Capital Projects Fund.
D. General Capital Assets account.