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Author Question: Transactions in the sales journal are posted both to the general ledger and the accounts receivable ... (Read 127 times)

jhjkgdfhk

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on: Jul 6, 2018
Transactions in the sales journal are posted both to the general ledger and the accounts receivable ledger.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A court judgment rendered against a county in Year 1 ordered it to pay the plaintiff 500,000 in equal 100,000 installments over a five-year period. The county's General Fund will
 
  a. report a fund liability of 500,000 in Year 1
  b. report expenditures of 500,000 in Year 1
  c. report expenditures of 100,000 in Year 1
  d. report expenditures of 100,000 in Year 1 and a fund liability of 400,000
  e. report an other financing use of 100,000 in Year 1


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Zebsrer

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

True

Answer to Question 2

C


jhjkgdfhk

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Reply 2 on: Jul 6, 2018
Excellent

bimper21

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Reply 3 on: Yesterday
:D TYSM

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