The Modified Accrual Method of Accounting Is Applied to Which

question 25

Multiple Choice

The modified accrual method of accounting is applied to which of the following funds or asset groups?

• A) Proprietary funds
• B) Governmental funds
• C) Proprietary type fiduciary funds
• D) Permanent funds

---

Definitions:

Multiaxial

Characterized by movement or rotation around multiple axes, often used to describe joints in the human body.

Ball-and-Socket

A Ball-and-Socket joint is a type of synovial joint where a ball-shaped head of one bone fits into a concave socket of another, allowing multidirectional movement and rotation.

Plane Joint

A type of synovial joint that allows for only gliding movement in various planes, commonly found in the carpals of the wrist.

Opposition

The movement that involves bringing the thumb and a finger together.