What Basis of Accounting Is Used by Fiduciary Funds

question 15

Multiple Choice

What basis of accounting is used by fiduciary funds?

• A)Modified accrual accounting
• B)Accrual accounting
• C)Cash basis accounting
• D)Present value accounting

---

Definitions:

Labor

The process of childbirth, starting from the onset of uterine contractions to the delivery of a baby and placenta.

Parturition

The act or process of giving birth.

First Stage

The initial phase of a process or an event, often setting the foundation for what follows.

Childbirth

The process by which a baby is born, marking the end of pregnancy and involving labor, the delivery of the baby, and the expulsion of the placenta.