Which Is True Regarding the Basis of Accounting for Fiduciary

Multiple Choice

Which is true regarding the basis of accounting for fiduciary funds?

A) All four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as governmental funds.
B) All four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as proprietary funds.
C) Agency funds are accounted for using the same basis of accounting and measurement focus as governmental funds, trust funds are accounted for using the same basis of accounting and measurement focus as proprietary funds.
D) Trust funds are accounted for using the same basis of accounting and measurement focus as governmental funds, and agency funds are accounted for using the same basis of accounting and measurement focus as proprietary funds.