***PLS NEW ANS

1. For which funds are budgetary comparison schedules or statements required? Should the actual revenues and expenditures on the budgetary comparison schedules be reported on the GAAP basis? Why or why not?

2. Explain why some transactions for governmental activities at the government-wide level are reported differently than transactions for the General Fund. Give some examples of transaction that would be recorded in the general journals of (a) only the General Fund, (b) only government activities at the government-wide level, and (c) both.