[Answered] Which of the following is an official fund category used by state and local governments? A. ...

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Coya19@aol.com

Hero Member
Posts: 601

on: Jul 6, 2018

Which of the following is an official fund category used by state and local governments?

A. Current funds.
B. Expendable funds.
C. Governmental funds.
D. General capital asset funds.

Question 2

Which of the following accounts is debited in the closing entries?
a. Sales
b. Unearned Subscriptions
c. Sales Returns and Allowances
d. Sales Discounts
e. Insurance Expense

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ririgirl15

Sr. Member
Posts: 385

Reply #1 on: Jul 6, 2018

Answer to Question 1

C

Answer to Question 2

A

Coya19@aol.com

Hero Member
Posts: 601

Reply #2 on: Jul 6, 2018

Correct answers!

ririgirl15

Sr. Member
Posts: 385

Reply #3 on: Jul 6, 2018

Great! Please up vote

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