Which of the Following Basis of Accounting Should Be Used

question 8

Multiple Choice

Which of the following basis of accounting should be used when preparing a budgetary comparison schedule for a government's General Fund?

• A)budgetary basis of accounting
• B)accrual basis of accounting
• C)modified accrual basis of accounting
• D)GASB recommends the accrual basis of accounting be used,but does not require it.

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Definitions:

Consumer Transactions

Deals or agreements involving the purchase of goods or services by an individual for personal, family, or household use.

Conflict Approaches

A perspective within sociology that focuses on the social, political, or material inequalities of a social group, analyzing the conflict between competing interests.

Functionalist

A perspective in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.

Crime

An action or omission that constitutes an offense punishable by law.