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Under the Modified Accrual Basis of Accounting for the General

Question 60

Multiple Choice

Under the modified accrual basis of accounting for the general fund, expenditures should be recognized in the period in which the related liability is: Under the modified accrual basis of accounting for the general fund, expenditures should be recognized in the period in which the related liability is: A) I only B) II only C) Both I and II D) Neither I nor II


A) I only
B) II only
C) Both I and II
D) Neither I nor II

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