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The budgeting principle in generally accepted accounting principles (GAAP) for state and local government states that budgetary comparisons should be presented for All funds of
The budgeting principle in generally accepted accounting principles (GAAP) for state and local government states that budgetary comparisons should be presented for
- All funds of a government.
- All major funds.
- The General Fund.
- The General Fund and each major special revenue fund that has a legally adopted budget.
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