The term "restricted" as used in university accounting refers to a constraint on the use of funds which has been:
I.internally imposed.
II.externally imposed.
A)I only
B)II only
C)Either I or II
D)Neither I nor II

Question

Quizplus · Accepted Answer

The term "restricted" in university accounting typically refers to funds that have constraints placed on their use by external parties, such as donors or grantors, rather than restrictions imposed internally by the university itself.

The Term "Restricted" as Used in University Accounting Refers to a Constraint