One of the differences between accounting for a governmental unit and a unit is that a governmental unit should: A) always establish and maintain complete self-balancing accounts for each fund. 42. commercial use only the cash basis of accounting. C) B) use only the modified accrual basis of accounting. D) not record depreciation expense in any of its funds. Tuition waivers for which there is no intention of collection from the student should be classified by a college as: A) Revenue, Yes; Expenditures, No B) Revenue, Yes; Expenditures, Yes C) Revenue, No; Expenditures, No D) Revenue, No; Expenditures, Yes 43. 44. The term used to describe the application of accounting to expendable fund entities is the: A) modified accrual method. B) modified cash method. C) accrual method. D) cash method. 45. Fixed assets and noncurrent liabilities are accounted for in the records of expendable funds proprietary funds both governmental and expendable funds. governmental funds A) B) C) D) 46. All of the following are a plant fund in colleges and universities EXCEPT: A) funds for renewals and replacements. B plant replacement and expansion fund. C) unexpended plant fund. D) investment in plant. 47. The entry to record the rececipt of office equipment previously encumbered includes a debit to: A) Encumbrances. B) Both Office Equipment and Reserve for Encumbrances Office Equipment. Reserve for Encumbrances. D)