The term used to describe the application of accounting to expendable fund entities is the:
A) accrual method.
B) cash method.
C) modified cash method.
D) modified accrual method.

Question

Quizplus · Accepted Answer

The term "modified accrual method" is used to describe the application of accounting to expendable fund entities, which combines aspects of both the accrual and cash methods to better match revenues and expenditures to the periods in which they are applicable.

The Term Used to Describe the Application of Accounting to Expendable