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What debt service and capital projects funds is

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Quetsion 1: One characteristic shared by the general fund and special revenue fund that does not generally apply to the permanent, debt service, and capital projects funds is ________.

Option A: the general and special revenue funds used modified accrual accounting; the other three funds use full accrual accounting

Option B: the general and special revenue funds record the budget in the accounting records, while the others generally do not

Option C: the general and special revenue funds use encumbrance accounting; the other funds do not

Option D: none of the above

Reference no: EM132473865

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