Question: 11:11 -> 11:11 Section; B Mention Whether the following statements are TRUE or FALSE (5 I S Marks) II. Depreciation of general capital assets should
11:11 ->
11:11 Section; B Mention Whether the following statements are TRUE or FALSE (5 I S Marks) II. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. ORUE / FALSE) 12. The accounting system for proprietary funds shouldn't provide for integration of budgetary accounts. (TRUE FALSE) 13. Separate columns must bc provided in the government-wide financial statements for governmental activities, business-type activities, and fiduciary activities (TRUE FALSE) 14. A Statement of revenues. expenditures, and changes in fund balances is used to report the inflows and outnows of current financial resources of governmental funds. (TRUE FALSE) IS. Government-wide financial statements report financial transactions related to the governmental, business-type, and fiduciary activities Of the government. (TRUE FALSE) Section: C Fill in the Blanks 1-5 Marks) 16. City 'M' borrowed S secured by a 3-year mortgage note. Which account Will be debited in G Journal to
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