Accounting Concepts & FRS Worksheet
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True/False
True
False
1. The accounting equation can be verified on the FBM091, Report of Transactions-GL report.
True
False
2. Revenue and expense detail can be found on the FBM091-GL report.
True
False
3. Debits and credits are not applicable when reading the FBM090, Account Statement report.
True
False
4. Use the FBM090, Account Statement to get budget, revenue, expense, and encumbrance summaries by object code.
True
False
5. Assets, Liabilities and Fund Balance can be found on the FBM091, Report of Transactions-SL report.