Which Basis of Accounting Best Maintains the Original Principal of a Trust

question 48

Multiple Choice

Which basis of accounting best maintains the original principal of a trust?

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

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Definitions:

Trojan Horse

Program that claims to do one thing but in reality does something else, usually something malicious.

Network Firewall

A security system that monitors and controls incoming and outgoing network traffic based on predetermined security rules.

Wireless Intranet

An internal network that uses wireless technology to enable employees to access information and applications without the need for wired connections.