Multiple Choice
Which of the following is true regarding the reporting of Budget-Actual Comparisons?
A) A Budget-Actual Comparison Schedule is required for the General Fund and all major special revenue funds that have a legally adopted annual budget.
B) A Budget-Actual Comparison Statement may be prepared in lieu of the Schedule.
C) Both (A) and (B) are true.
D) Neither (A) nor (B) is true.
Correct Answer:
Verified
Correct Answer:
Verified
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