Which Basis of Accounting Is Used by Funds That Have

question 16

Multiple Choice

Which basis of accounting is used by funds that have a current financial resources measurement focus?

• A)full accrual basis
• B)cash basis
• C)modified accrual basis
• D)modified cash basis

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Definitions:

Criminal Violation

An act or omission that violates a law which results in a conviction and is punishable by the state through fines, imprisonment, or other penalties.

Criminally Liable

Subject to legal penalties under criminal law due to actions or omissions that violate statutes designed to protect the public, safety, health, or morals.

Prosecutor

A legal official who conducts criminal proceedings on behalf of the state or the public, charging and trying cases against individuals or entities accused of crimes.

Employment

The condition of having paid work in a job, profession, or business.