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Which of the following is incorrect according to GASB standards? (A)An annual budget(s) should be adopted by every governmental unit. (B)The accounting system should provide
Which of the following is incorrect according to GASB standards?
(A)An annual budget(s) should be adopted by every governmental unit.
(B)The accounting system should provide the basis for appropriate budgetary control.
(C)Budgetary comparisons should be included in the appropriate financial statements and schedules for governmental funds for which an annual budget has been adopted.
(D)All of the above are correct.
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