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    Government and Not for Profit Accounting Study Set 2
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    Exam 4: Recognizing Revenues in Governmental Funds
  5. Question
    Under the Modified Accrual Basis, Revenues Are "Available" If They
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Under the Modified Accrual Basis, Revenues Are "Available" If They

Question 69

Question 69

True/False

Under the modified accrual basis, revenues are "available" if they are collected within the current period or are expected to be collected soon enough after the end of the period to be used to pay liabilities of the current period.

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