GASB Standards Contain All of the Following in Its Three-Part

Multiple Choice

GASB standards contain all of the following in its three-part budgetary principle except:

A) An annual budget should be adopted by every governmental unit.
B) The accounting system should provide the basis for appropriate budgetary control.
C) Budgetary comparisons should be included in the appropriate financial statement and schedules for governmental funds for which an annual budget has been adopted.
D) None of the above; all would be included