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Author Question: Which of the following account types are NOT located on the worksheet's balance sheet? a. Assets ... (Read 106 times)

lidoalex

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on: Jul 6, 2018
Which of the following account types are NOT located on the worksheet's balance sheet?
 a. Assets
   b. Drawing
   c. Purchase Discounts
   d. Liabilities

Question 2

Sales taxes levied by a county government are shared with the local municipal government. The municipal government chooses to use the intergovernmental revenues for drug enforcement activities.
 
  In the government-wide statement of activities, the municipal government would report the sales taxes as
  a. unrestricted grants and contributions general revenue.
  b. operating grant and contribution program revenue.
  c. capital grant and contribution program revenue.
  d. a transfer in general revenue.
  e. None of the above.


rekilledagain

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

c

Answer to Question 2

A


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