Author Question: In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the ... (Read 48 times)

amal

  • Hero Member
  • *****
  • Posts: 572
In the cash receipts journal, the individual amounts in the Other Accounts column are posted at the end of the month.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A government has general obligation bonds that mature in the next fiscal year. The bonds should be removed from the General Long-Term Liabilities accounts
 
  a. At the end of the current fiscal year since they will be current liabilities at that time.
  b. In the next fiscal year (in which they mature) if they are paid in that period.
  c. In the next fiscal year (in which they mature).
  d. None of the above.



bob

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

False

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library