NAIMMCQ Accounting The basis of accounting that focuses on when revenues are available for spending and when an obligation has been incurred to expend current financial resources is called modified accrual.

The basis of accounting that focuses on when revenues are available for spending and when an obligation has been incurred to expend current financial resources is called modified accrual.

Accounting

The basis of accounting that focuses on when revenues are available for spending and when an obligation has been incurred to expend current financial resources is called modified accrual.

a. True
b. False

Answer: True.

NAIMMCQ

The basis of accounting that focuses on when revenues are available for spending and when an obligation has been incurred to expend current financial resources is called modified accrual.

The basis of accounting that focuses on when revenues are available for spending and when an obligation has been incurred to expend current financial resources is called modified accrual.

Share this