The Basis of Accounting That Should Be Used in Preparing

question 24

Multiple Choice

The basis of accounting that should be used in preparing fund financial statements is: $$\begin{array} { | l | l | l | } \hline \text { Cuvernuental funds } & \text { Proprietary funds } & \text { Fiduciary funds } \\\hline \text { A) Modified accrual } & \text { Accrual } & \text { Modified accrual } \\\hline \text { B) Modified accrual } & \text { Modified accrual } & \text { Modified accrual } \\\hline \text { C) Modified accrual } & \text { Accrual } & \text { Accrial } \\\hline \text { D) Accrual } & \text { Accrual } & \text { Accrual } \\\hline\end{array}$$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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