The accounting system of Barb City is organized and operated on a fund basis. Among the types
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a. Explain the basic differences in revenue recognition between the accrual basis of accounting and the modified accrual basis of accounting in relation to governmental accounting.
b. What basis of accounting should be used for each of the following: (1) general fund, (2) special revenue fund, and (3) enterprise fund?
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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