Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audit In Health Care To Avoid Disallowances Literature Review

Authors: Ana P. Alves De Asevedo

1st Edition

6206120406, 978-6206120407

More Books

Students also viewed these Accounting questions

Question

1. Organize and support your main points

Answered: 1 week ago

Question

3. Move smoothly from point to point

Answered: 1 week ago

Question

5. Develop a strong introduction, a crucial part of all speeches

Answered: 1 week ago