In Accounting for State and Local Governments the Modified Accrual

question 11

Multiple Choice

In accounting for state and local governments the modified accrual basis is required for

• A) Proprietary and fiduciary funds.
• B) Governmental funds.
• C) Governmental and fiduciary funds.
• D) Governmental and internal service funds.

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Definitions:

Order Taker

A salesperson or employee whose primary role is to take and process orders from customers, rather than actively selling or persuading customers to buy.

Personal Trait

Characteristics or qualities that define an individual's personality and behavior.

Recruitment

The process by which organizations identify, attract, and select candidates for employment to fill vacancies.

Manufacturer's Representatives

Independent sales agents who represent the product lines of one or more manufacturers in a specific territory.