« previous next »

Author Question: The entry to record adoption of a Special Revenue Fund budget should include a a. debit to ... (Read 17 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
The entry to record adoption of a Special Revenue Fund budget should include a
 
  a. debit to Estimated Revenues and a credit to Expenditures.
  b. debit to Appropriations and a credit to Estimated Revenues.
  c. debit to Estimated Revenues and a credit to Appropriations.
  d. debit to Revenues and a credit to Appropriations.

Question 2

Explain the meaning of the business entity concept.


tennis14576

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

C

Answer to Question 2

The business entity concept limits the economic data in an accounting system todata related directly to the activities of the business. In other words, the businessis viewed as an entity separate from its owners, creditors, or other businesses.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

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.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Monkeys and apes such as this chimpanzee can be recognized in the fossil record by the anatomy of th Monkeys and apes such as this chimpanzee can be recognized in the fossil record by the anatomy of th
Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor Upper Paleolithic stone tools include blade-based tools as seen here being produced from a blade cor
Pathogenic microorganisms include (A) bacteria, (B) viruses, (C) protozoa, and (D) helminths. Pathogenic microorganisms include (A) bacteria, (B) viruses, (C) protozoa, and (D) helminths.
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Video: Muscular Dystrophy

For a complete list of videos, visit our video library