Actual revenues and expenditures reported on a budget and actual comparison schedule should be prepared on the

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Actual revenues and expenditures reported on a budget and actual comparison schedule should be prepared on the same basis as budgeted revenues and expenditures, even if a cash basis is used.” Do you agree with this statement? Why or why not?

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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Dec 03, 2011 10:09 AM

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Actual revenues and expenditures reported on a budget and actual comparison schedule should be prepared on the

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Agree The statement is correct for two reasons First although the actual amounts may ...View the full answer

Accounting for Governmental and Nonprofit Entities

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