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

Author Question: Financial accounting provides information to all users, while the main focus for managerial ... (Read 108 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
Financial accounting provides information to all users, while the main focus for managerial accounting is to provideinformation to the management.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Government A plans to create an Internal Service Fund to account for its new central warehouse. The General Fund loans the Internal Service Fund 100,000, which is going to pay back the loan interest-free in five years.
 
  The entry in the Internal Service Fund to record this transaction would be
 
   dr cr
 
  a. Cash 100,000 Revenue 100,000
  b. Cash 100,000 Capital Contribution 100,000
  c. Cash 100,000 Transfer from General Fund 100,000
  d. Cash 100,000
   Advance from General Fund 100,000
  e. Cash 100,000
   Accounts Payable 100,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

True

Answer to Question 2

A




elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jul 6, 2018
:D TYSM


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library