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Author Question: A single summarizing account in the general ledger, representing all the accounts in a particular ... (Read 74 times)

Sportsfan2111

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on: Jul 6, 2018
A single summarizing account in the general ledger, representing all the accounts in a particular subsidiary ledger, is referred to as a
 a. response account.
   b. summary account.
   c. special account.
   d. pass-through account.
   e. controlling account.

Question 2

A county anticipated that  6,500 of discounts would be taken on its property tax levy. Which of the following statements is true if discounts were less than anticipated?
 
  a. There is no effect on revenues.
  b. Revenues would be increased.
  c. Revenues would be decreased.
  d. Expenditures would be decreased.
  e. Expenditures would be increased.


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ecabral0

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

e

Answer to Question 2

B


Sportsfan2111

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

kishoreddi

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

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