Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of accounting a TRUE b FALSE 11) Which one among these is not a characteristic of a fund a Contains self balancing set of accounts b Fiscal entity c Separate legal entity d Accounting entity ...

a False because Modified accrual accounting is used and accepted by governmental agencies because th ...

Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of

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Question:

Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of accounting.

TRUE

FALSE

11)

Which one among these is not a characteristic of a fund?

Contains self-balancing set of accounts.

Fiscal entity.

Separate legal entity.

Accounting entity.

Related Book For answer-question

Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Posted Date: Nov 21, 2022 07:17 AM

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Accrual basis of accounting is not used in governmental entities because they use modified accrual basis of

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a False because Modified accrual accounting is used and accepted by governmental agencies because th... View the full answer

Economics

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