When Preparing Government-Wide Statements, Which of the Following Is not

Multiple Choice

When preparing government-wide statements, which of the following is not true?

A) General capital assets, general long-term debt, and internal service funds are added through worksheet journal entries.
B) Worksheet entries eliminate elements of the modified accrual basis fund statements that do not conform to accrual accounting, such as expenditures for capital assets and principal repayments.
C) Entries are necessary to adjust revenues to the accrual basis, record expenses not recognized under the modified accrual basis.
D) Entries are necessary to eliminate fiduciary funds.