GASB requires that governmental entities present their budgeted-to-actual comparison data on which of the following bases of accounting?
A)Budgetary basis.
B)Cash basis.
C)Modified accrual basis.
D)Accrual basis.

Question

Quizplus · Accepted Answer

GASB requires that governmental entities present their budgeted-to-actual comparison data on the budgetary basis, which reflects how the budget is legally adopted.

GASB Requires That Governmental Entities Present Their Budgeted-To-Actual Comparison Data