Both Cities and Counties Have General Ordinance-Making Authority

question 48

True/False

Both cities and counties have general ordinance-making authority.

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Definitions:

General Ledger

A complete record of all financial transactions over the life of a company, used to compile financial statements.

General Journal

A basic accounting ledger that records each financial transaction of a business in chronological order.

Transactions

The exchanges or transfers of goods, services, or funds between two or more parties.

Journal

An accounting record where all transactions are initially recorded using the double-entry bookkeeping system before their details are posted to accounts in the general ledger.