Which of the Following Fund Types Does Not Use Modified

question 34

Multiple Choice

Which of the following fund types does not use modified accrual accounting?

• A) Debt Service
• B) Special Revenue
• C) Agency
• D) Permanent

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Definitions:

Negotiation

The process by which parties come together to try to reach an agreement on a disputed or potentially disputed matter.

Endorsement

An act of giving one's public approval or support to someone or something, or a signature authorizing the legal transfer of a negotiable document.

Allonge

Accompanying a negotiable instrument, a piece of paper that provides room for an endorsement if no room is available on the negotiable instrument itself.

Endorse

To give support or approval to something or someone, often by writing a signature on a document to authorize its validity or transfer.