Author Question: When a governmental entity is decreasing the fair market value of an investment, the appropriate ... (Read 42 times)

sarasara · **on:** Jul 6, 2018

When a governmental entity is decreasing the fair market value of an investment, the appropriate debit would be to

a. Investments
b. Investment income
c. Cash
d. Loss on investments

Question 2

The individual amounts in the Accounts Payable Credit column of the purchases journal are posted
a. individually to the Accounts Payable account in the general ledger.
b. individually to the accounts payable ledger.
c. individually to the Purchases account in the general ledger.
d. in total to the accounts payable ledger.
e. in total to the accounts receivable ledger.