With respect to public colleges and universities,expenses are reported by:
A) Function.
B) Object classification.
C) Department.
D) Academic vs. non academic components.

Question

Quizplus · Accepted Answer

Object classification is the system of categorizing expenses based on the type of expenditure, such as salaries, supplies, and equipment. This allows for clear and consistent reporting of expenses across departments and functions. Additionally, object classification helps with budgeting and forecasting expenses.

With Respect to Public Colleges and Universities,expenses Are Reported By