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

Author Question: The accounting equation for a special revenue fund is A. Assets Liabilities = Net Position. B. ... (Read 98 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jul 6, 2018
The accounting equation for a special revenue fund is
 
  A. Assets  Liabilities = Net Position.
  B. Financial Assets + Deferred Outflows  Related Liabilities  Deferred Inflows = Fund Balance.
  C. General Capital Assets  Unmatured General Long-Term Liabilities = Net Assets.
  D. Current Assets = Current Liabilities.

Question 2

An X below the total amount of the Other Accounts column in the Cash Payment journal means
 a. The column is in balance.
   b. The column needs to be posted to the ledger.
   c. Do not post the column total.
   d. All checks posted are accounted for.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

c


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Breech position. Breech position.
Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ... Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ...
Semireclining position for massage for the elderly. Semireclining position for massage for the elderly.
Position of cupula with head in still position (left) and when head rotates (right) Position of cupula with head in still position (left) and when head rotates (right)
Simplify Exponential Equation Simplify Exponential Equation
Limb-position and digit determination Limb-position and digit determination
Video: Rena arc construction

For a complete list of videos, visit our video library