Author Question: Transactions that increase the amount of cash are recorded in the cash payments journal. a. True ... (Read 135 times)

jasdeep_brar · **on:** Jul 6, 2018

Transactions that increase the amount of cash are recorded in the cash payments journal.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If a government earns and collects interest on Capital Projects Fund investments in the same fiscal year, the fund financial statements should report

a. a transfer to the General Fund.
b. revenues.
c. deferred revenues.
d. an other financing source.
e. None of the above