What Basis of Accounting Would the Enterprise Fund Use

question 93

Multiple Choice

What basis of accounting would the Enterprise Fund use?

• A) Accrual
• B) Modified Accrual
• C) Cash
• D) Expended Accrual

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Definitions:

Constitution

The system of fundamental principles or established precedents according to which a state or other organization is governed.

Federalism

A system of government in which power is divided between a central (federal) government and regional (state or provincial) governments.

Checks and Balances

A system in government where each branch has the power to check or limit the actions of the other branches to prevent any single branch from becoming too powerful.

Constitution

The fundamental set of laws and principles that outlines the governance structure, rights, and duties within a state or organization.