The Financial Accounting Foundation has oversight responsibilities over
a. The Financial Accounting Standards Board (FASB)
b. The Governmental Accounting Standards Board (GASB)
c. The Government Accountability Office (GAO)
d. All of the above
e. Items a and b only
f. Items b and c only
Question 2
The total of the customer accounts receivable ledger at the end of the accounting period must equal the total of the
a. creditors' accounts payable ledger.
b. Accounts Payable account in the general ledger.
c. Accounts Receivable account in the general ledger.
d. Accounts Receivable Credit column in the cash receipts journal.
e. Accounts Receivable Debit column in the cash receipts journal.