The budget data presented in a school district General Fund statement of revenues, expenditures, and changes in
Question:
The budget data presented in a school district General Fund statement of revenues, expenditures, and changes in fund balances—budget and actual—are to be
a. the original, legally adopted budget.
b. the final revised budget, as amended.
c. both the original, legally adopted budget and the final revised budget, as amended.
d. presented on the modified accrual basis of accounting even if the budget is adopted on the cash basis.
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The correct answer is c both the original legally adopted budget and the final revised budge...View the full answer
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Related Book For 
Governmental And Nonprofit Accounting
ISBN: 9781292040080
10th International Edition
Authors: Robert J. Freeman, Craig D. Shoulders, Gregory S. Allison, G. Robert Smith
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