Budgetary Comparison Schedules Presenting Budgeted Versus Actual Revenues and Expenditures

Multiple Choice

Budgetary comparison schedules presenting budgeted versus actual revenues and expenditures are

A) Optional under GASB standards for all funds.
B) Required by GAAP for internal management reports only; not permitted for external financial reporting.
C) Required by GAAP for the General Fund and major special revenue funds for which an annual budget has been legally adopted.
D) Required by GAAP for all governmental fund types.