Revenues of a special revenue fund of a governmental unit should be recognized in the period in which the:
A) revenues become available and measurable.
B) revenues become available and appropriated.
C) revenues are billable.
D) cash is received.

Question

Quizplus · Accepted Answer

Revenues in a special revenue fund of a governmental unit are recognized when they become available and measurable, ensuring they are recorded in the correct period for accurate financial reporting.

Revenues of a Special Revenue Fund of a Governmental Unit