Question
Which entry would be correct to record a $100,000 payment by an Investment Trust Fund to an external investment pool participant? Oa. Debit Expenditures $100,000
Which entry would be correct to record a $100,000 payment by an Investment Trust Fund to an external investment pool participant? Oa. Debit Expenditures $100,000 Credit Cash $100,000 Ob. Debit Deductions-distribution to pool participant $100,000 Credit Due to pool participant $100,000 Oc. Debit Deductions-distribution to pool participant $100,000 Credit Cash $100,000
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Principles Of Financial Accounting
Authors: Belverd E Needles, Marian Powers
11th Edition
0538755164, 9780538755160
