This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements regarding revenue subsidiary ledgers is false? A. The number of ... (Read 63 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
Which of the following statements regarding revenue subsidiary ledgers is false?
 
  A. The number of revenue subsidiary ledgers necessary is at the discretion of management.
  B. The number of revenue subsidiary ledgers used is limited by the number of broad revenue categories (e.g., taxes, licenses and permits, intergovernmental) that a governmental entity reports.
  C. Entries to revenue subsidiary ledgers may be made at any time during a fiscal period.
  D. Revenue subsidiary ledgers are never required.

Question 2

Accounts payable are accounts that you expect will be paid to you.
 a. True
  b. False
 
   Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

B

Answer to Question 2

False




saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Jul 5, 2018
Wow, this really help


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library