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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 24: Governmental Accounting: Basic Principles and the General Fund
  5. Question
    A Major Reason the Modified Accrual Basis of Accounting Is
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A Major Reason the Modified Accrual Basis of Accounting Is

Question 47

Question 47

True/False

A major reason the modified accrual basis of accounting is used for "governmental" funds is that many expenditures are not susceptible to being accrued.

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