Author Question: The account adjusted with a credit to set up accrued payroll is a. Wages Expense b. Wages Payable ... (Read 107 times)

bucstennis@aim.com · **on:** Jul 6, 2018

The account adjusted with a credit to set up accrued payroll is
a. Wages Expense
b. Wages Payable
c. Wages Receivable
d. Either A or B

Question 2

A governmental fund budgetary comparison statement or schedule should be

a. prepared on the same basis the budget was enacted.
b. always be prepared on a GAAP basis.
c. always be prepared on a cash basis.
d. prepared only for the General Fund.