Solved

Which of the Following Is True Regarding the Budgetary Comparison

Question 123

Multiple Choice

Which of the following is true regarding the Budgetary Comparison Schedule?


A) The Budgetary Comparison Schedule compares the actual results to both the original budget and the final budget, but display of variances is optional.
B) The Budgetary Comparison Schedule is considered part of the basic financial statements.
C) The Budgetary Comparison Schedule must be prepared for the General Fund and each major special revenue fund that has a legally adopted budget.
D) Both A and C are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions