Author Question: Sales appear under which worksheet column and has the following normal balance: a. Income ... (Read 79 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
Sales appear under which worksheet column and has the following normal balance:
 a. Income Statement, DR
   b. Income Statement, CR
   c. Balance Sheet, CR
   d. Balance Sheet, DR

Question 2

Which of the following should not be accrued as expenditures in a governmental fund at year end?
 
  A. Salaries earned by employees but not paid.
  B. Repair work performed by contractors, but not completed.
  C. Interest incurred on short-term debt, but not yet due.
  D. Interest incurred on long-term debt, but not yet due.



jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

b

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library