Which of the following fund type(s) utilizes the modified accrual basis of accountinga.Enterprise.b.Permanent.c.Agency.d.Both Permanent and Agency
Question
Solution 1
The modified accrual basis of accounting is typically used by governmental funds. Among the options provided:
a. Enterprise - This is a type of proprietary fund, and it typically uses full accrual basis of accounting, not modified accrual basis.
b. Permanent - This is a type of governmental fund, Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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