Question

For each of the following funds, choose a basis of accounting from the menu provided by...

For each of the following funds, choose a basis of accounting from the menu provided by clicking the indicated cell.

Choices are:

Current financial resources measurement focus and modified accrual basis of accounting

Economic resources measurement focus and accrual basis of accounting

1. Debt Service
2. Enterprise
3. Pension Trust
4. Capital Projects
5. General
6. Internal Service
7. Permanent
8. Special Revenue
Business   Accounting   
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Homework Answers

Answer #1
Basis
1 Debt Service Current financial resources measurement focus and modified accrual basis of accounting.
2 Enterprise Economic resources measurement focus and accrual basis of accounting.
3 Pension Trust As the case may be appropriate to their specific operations.
4 Capital Projects Current financial resources measurement focus and modified accrual basis of accounting.
5 General Current financial resources measurement focus and modified accrual basis of accounting.
6 Internal Service Economic resources measurement focus and accrual basis of accounting.
7 Permanent As the case may be appropriate to their specific operations.
8 Special Revenue Current financial resources measurement focus and modified accrual basis of accounting.
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