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goji.go goji.go
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Posts: 5977
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9 years ago
A state government receives a grant from the federal government that it disburses to local governments within the state. To meet federal grant requirements, the state government monitors the local governments to make sure that they comply with federal grant requirements. When the state government disburses the grant monies to the local governments, it should debit:
      a.   due to local governments
      b.   deferred revenues - grants
      c.   expenditures - federal grant
      d.   no entry is required
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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