Which of the Following Is the Appropriate Basis of Accounting

question 39

Multiple Choice

Which of the following is the appropriate basis of accounting for an agency fund?

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

---

Definitions:

Task-oriented

describes an approach or individual focusing primarily on completing tasks or achieving goals, often with an emphasis on efficiency and productivity.

Relationship-oriented

A leadership or management style that prioritizes the development of positive relationships among team members and stakeholders.

Democratic Style

A leadership approach that involves sharing decision-making responsibilities with team members, encouraging open dialogue and participation in the decision-making process.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.