Which of the Following Is the Appropriate Basis of Accounting

question 64

Multiple Choice

Which of the following is the appropriate basis of accounting for a custodial fund?

• A) Cash basis.
• B) Modified cash basis.
• C) Accrual basis.
• D) Modified accrual basis.

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Definitions:

Blood Glucose Level

The amount of sugar present in the blood, important for diagnosing and managing diabetes.

Prediabetes

A condition with higher than normal blood sugar levels, but not high enough to be classified as type 2 diabetes, indicating a high risk for developing diabetes in the future.

Hypoglycemia

A condition where blood sugar levels drop below the normal range, causing symptoms like dizziness, shaking, and confusion.

Type 2 Diabetes

A chronic condition that affects the way the body processes blood sugar (glucose), characterized by insulin resistance and/or deficiency.