Which of the following statements is false? a. Generally Accepted Accounting Principles (GAAP) dictate the basis of
Question:
Which of the following statements is false?
a. Generally Accepted Accounting Principles (GAAP) dictate the basis of budgeting for all governmental funds.
b. Zero-base budgeting (ZBB) is an acceptable budget approach for the General Fund.
c. A good budget process incorporates a long-term perspective, even if the budget is adopted annually.
d. Items a and b only.
e. Items b and c only.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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