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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    The Only Difference Between Modified Accrual Accounting and Accrual Accounting
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The Only Difference Between Modified Accrual Accounting and Accrual Accounting

Question 44

Question 44

True/False

The only difference between modified accrual accounting and accrual accounting is the difference in the recognition of long-term assets and liabilities.

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