Most colleges and universities classify revenues by source and expenses by function.

Name: Most colleges and universities classify revenues by source and expenses by function.
Brand: Quizplus
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Quizplus · Accepted Answer

This is true. Most colleges and universities use the classification of revenues by source and expenses by function in their financial reporting. This allows for a more accurate analysis of financial performance and helps to identify areas of financial strengths and weaknesses.

Most Colleges and Universities Classify Revenues by Source and Expenses