Enterprise funds use full accrual accounting procedures.

Name: Enterprise funds use full accrual accounting procedures.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Enterprise funds are accounted for using full accrual accounting procedures which means that all revenues and expenses are recognized when earned or incurred, regardless of when cash is received or paid out. This method of accounting provides a more accurate view of the entity's financial position and performance.

Enterprise Funds Use Full Accrual Accounting Procedures