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8 August, 00:45

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

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  1. 8 August, 01:59
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    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
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