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Question 44 (2 points) An officially adopted budget is generally called An appropriation bill. An operating budget. A capital budget. None of the above Question

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Question 44 (2 points) An officially adopted budget is generally called An appropriation bill. An operating budget. A capital budget. None of the above Question 45 (2 points) Which of the following bases of accounting has been established by GASB for use in the preparation of the general fund budget? Cash basis. Modified accrual basis Accrual basis. None of the above. Question 46 (2 points) Which of the following is the best reason for preparing budgets for government entities on the cash basis? Cash basis budgeting helps to achieve interperiod equity. is budgeting helps to ensure that the government will receive no more in ash bas revenues than itis required to disburse Cash basis budgeting helps a government plan to have cash on hand to pay bills Cash basis budgeting more accurately reflects the economic impact of fiscal activities

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