Which basis of accounting must be used in presenting the "actual" column of the fund-level budgetary comparison schedules for the General Fund and major Special Revenue Funds?
A)the government's budgetary basis of accounting
B)the modified accrual basis of accounting
C)the full accrual basis of accounting
D)the cash basis of accounting

Question

Quizplus · Accepted Answer

The "actual" column in the fund-level budgetary comparison schedules for the General Fund and major Special Revenue Funds must be presented using the government's budgetary basis of accounting, as it reflects how the budget was legally adopted and executed.

Which Basis of Accounting Must Be Used in Presenting the "Actual