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Author Question: An actual count of a stock of goods on hand is called a physical inventory. a. True b. False ... (Read 75 times)

nenivikky

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on: Jul 6, 2018
An actual count of a stock of goods on hand is called a physical inventory.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The encumbrances method of budgetary reporting
 
  a. is never allowed by GAAP.
  b. never results in an outstanding encumbrance.
  c. is where outstanding encumbrances are considered to be expenditures.
  d. is always required by GAAP.


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momo1250

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Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

C


nenivikky

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

Perkypinki

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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