Author Question: Sales Tax Payable is recorded on the books of the purchaser. a. True b. False Indicate whether ... (Read 104 times)

tiara099

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Sales Tax Payable is recorded on the books of the purchaser.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A governmental entity issued bond anticipation notes during the year for a major capital project. The bond anticipation notes were refinanced with long-term general obligation bonds before the end of the fiscal year.
 
  In the Capital Projects Fund year-end financial statements the governmental entity should report
  a. other financing sources.
  b. a fund liability.
  c. revenues.
  d. other financing uses.
  e. None of the above.



djofnc

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Answer to Question 1

False

Answer to Question 2

A



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djofnc

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