Proprietary Funds Report Revenues and Expenses Using a Modified-Accrual Basis

question 19

True/False

Proprietary funds report revenues and expenses using a modified-accrual basis of accounting.

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Definitions:

Delinquency

Minor crime, especially that committed by young people, involving behaviors that violate legal and social standards.

Congressperson

An elected member of the legislative branch of the United States of America, serving in the United States Congress, which consists of the Senate and the House of Representatives.

Head Start

A program in the United States that provides comprehensive education, health, nutrition, and parent involvement services to low-income children and their families.

Academically Oriented

Describes individuals or institutions with a strong focus on academic learning, achievement, and pursuits.