Governmental fund-basis statements are prepared using the <u>Modified accrual basis</u>, and must be converted to the <u>accrual basis </u>to be incorporated in the government-wide statements.
Accrual accounting is a method of financial accounting that allows an entity to record incoming revenue in their accounts even before payment for their product or service is received, and to deduct expenditure even before the payment is made.
Thus, even future transactions are recorded in the firm’s accounting books.
Modified accrual accounting is another financial accounting method. It is a combination of accrual accrual accounting and cash basis accounting. It records revenues and expenditures when receipts and liabilities are created.
It also leverages the simplicity of cash basis accounting.
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They stole food and goods from people in the army
Derived demand<span> is a </span>term<span> used in the economic analysis that describes the </span>demand placed<span> on one good or service as a result of changes in the price for some other related good or service. It is a </span>demand<span> for some physical or intangible thing where a market exists for both related goods and services in question.</span>
Answer:
A
Explanation:
In the early 19th century, British traders centred on the illegal importation of opium into China from India as a means of paying for the British purchases of tea and silk. The British used Chinese objections to opium importation as a pretext to
invade China and forcibly open it to Western trade. Chinese attempts to halt the opium trade, which had caused social and economic disruption, started the first Opium War (1839–42) between Britain and China. Britain’s victory in this conflict forced the Chinese create five treaty ports in which foreigners could live and work outside Chinese legal jurisdiction, trading with whomever they pleased.