Which of the following is not true for capital projects funds?
a. capital projects funds use...
Business, 18.10.2019 01:20 calvincdavis20981
Which of the following is not true for capital projects funds?
a. capital projects funds use the modified accrual basis of accounting.
b. encumbrance accounting is generally used.
c. capital projects funds use a construction work in progress account to record costs until the project is completed.
d. capital projects funds have a project-life focus.
Answers: 2
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