Which of the Following Organizations or Units Would Least Likely

question 45

Multiple Choice

Which of the following organizations or units would least likely be accounted for by an enterprise fund?

• A) A golf course.
• B) An airport.
• C)  A computer department.
• D) A sports stadium.

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Definitions:

Cash Sales

Transactions in which the buyer pays for a good or service at the time of the sale with cash or its equivalent.

Cost of Merchandise

The total expense incurred by a business to buy or produce the goods it has sold during a specific period.

Credit Memo

A Credit Memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller, typically due to a return or an overpayment.

Perpetual Inventory

A system for managing inventory that instantly logs inventory sales or purchases via computerized point-of-sale systems and software for enterprise asset management.