Which measurement focus and basis of accounting should an Investment Trust Fund use? $\begin{array} { l l }\quad \text { Measurement Focus }&\quad \quad \quad \text { Basis of Accounting } \end{array}$

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Investment Trust Fund should use the measurement focus of economic resources because it is more appropriate for financial reporting purposes. The basis of accounting should be accrual because it provides a better matching of revenues and expenses, which is important for accurately reflecting the Trust's financial position and performance. Modified accrual basis of accounting is generally used by governmental funds, which Investment Trust Funds are not categorized as.

Which Measurement Focus and Basis of Accounting Should an Investment Measurement Focus Basis of Accounting \begin{array} { l l }\quad \text { Measurement Focus }&\quad \quad \quad \text { Basis of Accounting } \end{array} Measurement Focus ​ Basis of Accounting ​

Which Measurement Focus and Basis of Accounting Should an Investment $\begin{array} { l l }\quad \text { Measurement Focus }&\quad \quad \quad \text { Basis of Accounting } \end{array}$