Ask Question
4 March, 21:38

The basis of accounting that should be used in preparing fund financial statements is: Governmental funds Proprietary funds Fiduciary funds

A) Modified accrual Accrual Modified accrual

B) Modified accrual Modified accrual Modified accrual

C) Modified accrual Accrual Accrual

D) Accrual Accrual Accrual

+5
Answers (1)
  1. 4 March, 22:02
    0
    C) Modified accrual Accrual Accrual

    Explanation:

    The basis of accounting that should be used in preparing fund financial statements is: Governmental funds Proprietary funds Fiduciary funds

    Governmental Funds: Modified Accrual

    Proprietary Funds: Accrual

    Fiduciary Funds: Accrual
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The basis of accounting that should be used in preparing fund financial statements is: Governmental funds Proprietary funds Fiduciary funds ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers