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  3. Study Set
    Essentials of Accounting Study Set 2
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    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
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    Which of the Following Are Included in the GASB Standards
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Which of the Following Are Included in the GASB Standards

Question 1

Question 1

Multiple Choice

Which of the following are included in the GASB standards budgetary principle?


A) Accounting systems should provide the basis for appropriate budgetary control.
B) Annual budgets should be adopted by every governmental unit.
C) Budgetary comparisons should be included in the appropriate financial statements.
D) All of the above

Correct Answer:

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