This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: All of the following transactions decreases the fund balance of a governmental fund except a. ... (Read 79 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jul 6, 2018
All of the following transactions decreases the fund balance of a governmental fund except
 
  a. purchase of equipment.
  b. retirement of the principal of a short-term note.
  c. transfer to a Debt Service Fund.
  d. purchase and use of supplies.

Question 2

Payment of merchandise purchased on account within the discount period is recorded in the cash payments journal.
 a. True
   b. False
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

True


sammy

  • Member
  • Posts: 818
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Maintaining Physiological Balance Maintaining Physiological Balance
Energy Balance and Imbalances Energy Balance and Imbalances
The Romberg test for balance The Romberg test for balance
Fluid–solute balance in freshwater and marine bony fishes Fluid–solute balance in freshwater and marine bony fishes
Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium Normal physiologic mechanisms of the body that restore homeostasis to the balance of serum calcium
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library