Question
Governmental entities are required to present fund financial statements for the governmental funds based on the modified accrual basis of accounting and government-wide financial statement
Governmental entities are required to present fund financial statements for the governmental funds based on the modified accrual basis of accounting and government-wide financial statement where all funds, included the governmental funds, are presented using the accrual basis of accounting. Explain the required reconciliations and describe the major reconciling items.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
