Author Question: The availability criterion for recognizing revenues applies to all of the following funds except ... (Read 58 times)

nevelica

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The availability criterion for recognizing revenues applies to all of the following funds except
 
  A. Capital Projects Funds.
  B. Debt Service Funds.
  C. Internal Service Funds.
  D. Special Revenue Funds.

Question 2

The accounting equation can be expressed as Assets  Liabilities = Owner's Equity.
 a. True
  b. False
 
   Indicate whether the statement is true or false



jsm54321

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Answer to Question 1

C

Answer to Question 2

True



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