MO ... b. Expenses c. Deferred revenues. d. Expenditures. 9. The accrual basis of accounting is used to account for revenues and expenditures reported in the financial statements of: Governmental activities at the government-wide level. b. Business-type activities at the government-wide level. c. Proprietary funds. d. All the above. 7. The measurement focus and basis of accounting that should be used for the governmental fund financial statements are: Measurement Focus Basis of Accounting Current financial resources Modified accrual b. Current financial resources Accrual c. Economic resources Modified accrual d. Economic resources Accrual Section: B a. Mention whether the following statements are TRUE or FALSE (5 * 1 = 5 Marks) 11. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. (TRUE / FALSE) 12. The accouS NICHT proprietary funds