Use of Modified Accrual Accounting

question 6

Multiple Choice

Use of modified accrual accounting:

• A) eliminates the need for keeping track of encumbrances during budget execution.
• B) records expenditures when contractual payments are made.
• C) records expenditures when materials are delivered
• D) requires immediate depreciation of all capital assets.

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Definitions:

Cognitive Behavioral Therapy

A form of psychological therapy aimed at helping individuals recognize the thoughts and emotions that affect their actions.

Irrational Beliefs

Thoughts or ideas that are not based on reason or logical thinking, often contributing to emotional distress and behavioral problems.

Emotional Disclosure

A therapeutic technique whereby people express their strong emotions by talking or writing about the events that precipitated them.

Psychological Problems

Mental health disorders or conditions affecting a person’s thinking, emotional state, and behavior.