Which fund category uses the modified accrual basis of accounting? What are the recognition rules for revenues and expenditures under the modified accrual basis of accounting?
Chapter 2, Questions #8
Which fund category uses the modified accrual basis of accounting? What are the recognition rules for revenues and expenditures under the modified accrual basis of accounting?
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Answer
Governmental funds, the five fund types listed in Illustration 2-2 of the text, fo…View the full answer
Related Book For 
Accounting for Governmental and Nonprofit Entities
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
ISBN: ?978-0073379609