Proprietary funds use the:
A) economic resources measurement focus and modified accrual basis of accounting.
B) current financial resources measurement focus and modified accrual basis of accounting.
C) economic resources measurement focus and accrual basis of accounting.
D) current financial resources measurement focus and accrual basis of accounting.

Question

Quizplus · Accepted Answer

Proprietary funds use the economic resources measurement focus and accrual basis of accounting, similar to private sector businesses, to provide a more comprehensive view of the financial position and operations.

Proprietary Funds Use The