For which of the following entities is fund accounting mandated for financial reporting?
A) American Hospital Association.
B) City of New York.
C) Grace Lutheran Church.
D) United Way.

Question

For which of the following entities is fund accounting mandated for financial reporting? 
A) American Hospital Association.
B) City of New York.
C) Grace Lutheran Church.
D) United Way.

Quizplus · Accepted Answer

Fund accounting is mandated for governmental entities like the City of New York for financial reporting to ensure transparency and accountability in how public funds are used.

For Which of the Following Entities Is Fund Accounting Mandated