The purposes or activities for which expenditures have been made are indicated with ___ accounts.
A) functional
B) natural
C) profit center
D) allocated

Name: The purposes or activities for which expenditures have been made are indicated with ___ accounts. A) functional B) natural C) profit center D) allocated
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Question

Quizplus · Accepted Answer

Functional accounts are used to categorize expenditures based on the purposes or activities for which the funds are spent, such as research and development, marketing, or administration.

The Purposes or Activities for Which Expenditures Have Been Made