A Properly Prepared Schedule of Revenues, Expenditures, and Changes in Fund

Multiple Choice

A properly prepared schedule of revenues, expenditures, and changes in fund balances-budget and actual will include which of the following columns?

A) Actual revenue and expenditure amounts on the GAAP basis.
B) Actual revenue and expenditure amounts on the budget basis.
C) Encumbrances outstanding at year-end.
D) Unexpended appropriations.