Question
Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of accounting. a. TRUE b. FALSE 11) Which one
Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of accounting.
a.
TRUE
b.
FALSE
11)
Which one among these is not a characteristic of a fund?
a.
Contains self-balancing set of accounts.
b.
Fiscal entity.
c.
Separate legal entity.
d.
Accounting entity.
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a False because Modified accrual accounting is used and accepted by governmental agencies because th...
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
