Which of the Following Funds Use the Accrual Basis of Accounting

question 57

Multiple Choice

Which of the following funds use the accrual basis of accounting?
I.Enterprise fund
II.Agency fund
III.Internal service fund

• A)I only
• B)II only
• C)I and III only
• D)I,II,and III

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Definitions:

Coin Flips

A simple randomization technique or decision-making tool where the outcome of a coin toss is used to choose between two alternatives.

Most Probable

Referring to an event or outcome that has the highest likelihood of occurring compared to other possibilities.

Statistical Significance

A measure indicating that the likelihood of an observed effect or difference in a study is not due to chance alone.

Observed Differences

Variations or disparities noted upon examination or comparison of subjects or objects.