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Sagot :
The answer is D. Following funds use the accrual basis of accounting -
1. Enterprise
2. Agency Fund
3. Internal Service Fund
The accrual basis of accounting is the idea of recording incomes when acquired and expenses as caused. The utilization of this approach likewise influences the accounting report, where receivables or payables might be kept even without a trace of a related money receipt or money installment, individually.
The accrual basis of accounting is pushed under both generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). Both of these accounting frameworks give direction with respect to how to represent income and cost exchanges without a trace of the money receipts or installments that would set off the recordation of an exchange under the cash basis of accounting.
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