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Author Question: The excess of revenue over the expenses incurred in earning the revenue is called capital. a. True ... (Read 46 times)

ts19998

  • Hero Member
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  • Posts: 531
on: Jul 6, 2018
The excess of revenue over the expenses incurred in earning the revenue is called capital.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

If an Enterprise Fund transfers  10,000 to the General Fund and the General Fund loans 15,000 to an Internal Service Fund, the effect on the General Fund fund balance would be
 
  a. an increase of 10,000
  b. a net decrease of 5,000
  c. a decrease of 15,000
  d. a net increase of 5,000
  e. 0


mjbamaung

  • Sr. Member
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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

A


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