Which of the Following Funds Should Use the Accrual Basis

question 10

Multiple Choice

Which of the following funds should use the accrual basis of accounting?

• A)Enterprise and private-purpose trust funds.
• B)Permanent funds and internal service funds.
• C)Debt service and agency funds.
• D)Special revenue and capital projects funds.

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Definitions:

Sexual Exploitation

The abuse of a position of vulnerability, differential power, or trust for sexual purposes; this includes profiting monetarily, socially, or politically from the sexual exploitation of another.

Planter Class

The wealthy and socially dominant class in the American South before the Civil War, known for owning large plantations and many slaves.

Antebellum Southern Society

The social structure and culture in the American South before the Civil War, characterized by plantation economies and slavery.