Author Question: In the Income Statement columns of the work sheet, Income Summary is shown as the net balance of the ... (Read 107 times)

james9437 · **on:** Jul 6, 2018

In the Income Statement columns of the work sheet, Income Summary is shown as the net balance of the two amounts in the Adjustments column.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The budgetary comparison statement for a General Fund is required to include

a. a column for the original appropriations. Note deletion of budget in a and b
b. a column for the amended appropriations.
c. a column for actual expenditures on the budgetary basis.
d. a variance column.
e. All of the above.
f. Items a, b, and c only.