Indicate whether each of the following represents an asset, ...

[faduma]

Indicate whether each of the following represents an asset, liability, or owner's equity: (a) accounts payable (b) wages expense (c) capital (d) accounts receivable (e) withdrawal (f) land

Question 2

All of the following financial statements should be presented for a General Fund except a
 
  A. Balance sheet.
  B. Statement of revenues, expenditures, and changes in fund balance.
  C. Statement of cash flows.
  D. Statement of revenues, expenditures, and changes in fund balance: budget and actual.

[SomethingSomething]

Answer to Question 1

(a) liability
(b) owner's equity
(c) owner's equity
(d) asset
(e) owner's equity
(f) asset

Answer to Question 2

C

[faduma]

YES! Correct, THANKS for helping me on my review

[cam1229]

Great answer, keep it coming