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Author Question: The Sales Discounts account a. is an addition to Sales on the income statement. b. is shown on ... (Read 115 times)

luvbio

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on: Jul 6, 2018
The Sales Discounts account
 a. is an addition to Sales on the income statement.
   b. is shown on the balance sheet as an asset.
   c. is shown on the balance sheet as a liability.
   d. is a deduction from Sales on the income statement.
   e. has a normal credit balance.

Question 2

In which accounting entities may a government report capital assets?
 
  a. Capital Projects Funds
  b. Enterprise Funds
  c. General Fund
  d. Debt Service Fund


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Meganchabluk

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

d

Answer to Question 2

B


luvbio

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

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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