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Author Question: All of the following transactions decreases the fund balance of a governmental fund except a. ... (Read 49 times)

sammy

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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


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ambernicolefink

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

B

Answer to Question 2

True


sammy

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

xthemafja

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

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