Which of the following is true regarding the Budgetary Comparison Schedule?
A) The Budgetary Comparison Schedule compares the actual results to both the original budget and the final budget, but display of variances is optional.
B) The Budgetary Comparison Schedule is considered part of the basic financial statements.
C) The Budgetary Comparison Schedule must be prepared for the General Fund and each major special revenue fund that has a legally adopted budget.
D) Both A and C are true.

Question

Quizplus · Accepted Answer

A budgetary comparison schedule includes the original budget, the final appropriated budget and the actual resulted computed on the same basis as the budget. The variance column is optional. The budgetary comparison schedule is required as part of RSI and is required for the General Fund and each major special fund that has a legally adopted budget.

Which of the Following Is True Regarding the Budgetary Comparison