Which Statement is presented using the accrual basis of accounting?
A) Governmental Fund Balance Sheet
B) Government-Wide Statement of Activities
C) Statement of Revenues, Expenditure and changes in Fund Balances
D) A and C

Question

Quizplus · Accepted Answer

The government-wide statements use the accrual basis of accounting. Fund basis statements use the modified accrual basis of accounting.

Which Statement Is Presented Using the Accrual Basis of Accounting