Answer:
A) Dr. Encumbrances – Office supplies No entry
Cr. Encumbrances outstanding
Explanation:
The journal entry is given below;
For Governmental fund financial statements
Encumbrances-Office Supplies $1,500
To Encumbrances Outstanding $1,500
(Being Office Supplies ordered is recorded)
For Government-wide financial statements
No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise
Therefore the option a is correct
Answer:
The correct answer is depository institutions.
Explanation:
We denominate Depository institution to financial entities that can legally receive and manage monetary deposits from costumers.
This institution serves as a way to keep a person's money securely, and thus achieve the physical security of the person who owns the money, since having a certain amount of money with himself can be dangerous.
A client will give his money to a depository institution, which also have several types of bank accounts, and when the client wishes, that money will be returned.
The depository Institution, while saving your money, can use it to make investments or to lend to other costumers.
Answer:
huh?no one's got time to write an essay for you
Answer:
$C$8
Explanation:
The Symbol $ means that by copying and pasting to another cell, the cell references will not change.
In this case, the references are "locked" onto column C. Copying the formula to some other location will not change the references since they are absolute.
<span>The cost of borrowing money is called the interest. Interest is what you pay to the loan company or lender when you borrow money from them. The interest is what they are charging when they give you money for a purchase now while you pay them back overtime. </span>
