Which of the following funds would use the accrual basis of accounting in preparing its fund financial statements?
A)City General Fund.
B)City Hall Capital Project Fund.
C)City Motor Pool Internal Service Fund.
D)None of the above.

Question

Quizplus · Accepted Answer

The City Motor Pool Internal Service Fund would use the accrual basis of accounting, as internal service funds are proprietary funds, which follow the accrual basis of accounting.

Which of the Following Funds Would Use the Accrual Basis