Which of the following statements is (are)correct about the funds used by governmental entities?
A)I only
B)II only
C)I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

I is correct because governmental entities use public funds that are collected through taxes, fees, and other sources. 
II is correct because governmental entities are required to follow strict budgeting and accounting procedures when handling public funds to ensure transparency and accountability.

Which of the Following Statements Is (Are)correct About the Funds