Governmental fund statements are prepared using:
A) Economic resources measurement focus and modified accrual basis of accounting.
B) Current financial resources measurement focus and modified accrual basis of accounting.
C) Economic resources measurement focus and accrual basis of accounting.
D) Current financial resources measurement focus and accrual basis of accounting.

Question

Quizplus · Accepted Answer

Governmental fund statements are prepared using the current financial resources measurement focus and the modified accrual basis of accounting.

Governmental Fund Statements Are Prepared Using