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    Advanced Accounting Study Set 3
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    Exam 20: Accounting for State and Local Governmental Units - Governmental Funds
  5. Question
    Normal Practice for Governmental Accounting Is to Record Expenditures When
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Normal Practice for Governmental Accounting Is to Record Expenditures When

Question 46

Question 46

True/False

Normal practice for governmental accounting is to record expenditures when the related fund liability is incurred under a modified accrual basis.

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