The general fund of a governmental entity accounts for doubtful accounts expense as a business enterprise does.

Name: The general fund of a governmental entity accounts for doubtful accounts expense as a business enterprise does.
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Question

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The general fund of a governmental entity uses the modified accrual basis of accounting, which does not recognize expenses for doubtful accounts in the same way a business enterprise (using full accrual accounting) does.

The General Fund of a Governmental Entity Accounts for Doubtful