Author Question: Most accounting systems evolve as the business grows and requires changes in its methods for ... (Read 98 times)

swpotter12 · **on:** Jul 5, 2018

Most accounting systems evolve as the business grows and requires changes in its methods for collecting,accumulating, and reporting information.
a. True
b. False

Indicate whether the statement is true or false

Question 2

What type of fund is most likely used to account for the spending of income earned by a Permanent Fund?

a. agency fund
b. private-purpose trust fund
c. enterprise fund
d. special revenue fund