Which of the following fund types does not use modified accrual accounting?
A) Debt Service
B) Special Revenue
C) Investment Trust
D) Permanent

Name: Which of the following fund types does not use modified accrual accounting? A) Debt Service B) Special Revenue C) Investment Trust D) Permanent
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Question

Quizplus · Accepted Answer

Investment Trust funds use full accrual accounting instead of modified accrual accounting. The other options listed use modified accrual accounting.

Which of the Following Fund Types Does Not Use Modified