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Author Question: Which of the following is not posted daily when using special journals? a. A transaction involving ... (Read 54 times)

RRMR

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on: Jul 6, 2018
Which of the following is not posted daily when using special journals?
 a. A transaction involving a customer
   b. A transaction entered into the Other Accounts column of a special journal
   c. A transaction involving a creditor
   d. A column total in a special journal
   e. Individual numbers in columns and column totals in special journals are all posted daily.

Question 2

A transaction in which a government issues general obligation bonds to finance the future construction of a new police station would
 
  a. increase liabilities in a Debt Service Fund.
  b. increase liabilities in a Capital Projects Fund.
  c. decrease fund balance in a Debt Service Fund.
  d. increase fund balance in a Capital Projects Fund.


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kusterl

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

d

Answer to Question 2

D


RRMR

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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