If Hometown city sent out $ 2 million in property tax bills in fiscal year 2 0
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If Hometown city sent out $ million in property tax bills in fiscal year and expects to collect $ million in fiscal year $ million in the first month of fiscal year and the remaining $ million later in fiscal year assuming no uncollectible, how much of those property tax bills do they record as revenue in fiscal year using full accrual?
Question
If Hometown city sent out $ million in property tax bills in fiscal year and expects to ccialect $ million in fiscal year $ million in the first month of fiscal year and the remaining $ million later in fiscal year assuming no uncollectible, how much of those property tax bills do they record as revenue in fiscal year using modified accrual?
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