For what funds do budgetary comparisons need to be presented in connection with the basic financial statements?
A) General Fund.
B) General Fund and all major funds.
C) All governmental funds with legally adopted annual budgets.
D) General Fund and major special revenue funds for which a budget is legally adopted.

Question

Quizplus · Accepted Answer

Budgetary comparisons need to be presented for the General Fund and major special revenue funds for which a budget is legally adopted, as these are the funds typically subject to budgetary control.

For What Funds Do Budgetary Comparisons Need to Be Presented