
GASB standards require that all state and local governments present a statement of revenues, expenditures, and changes in fund balances-budget and actual for the General Fund and major special revenue funds for which annual budgets have been legally adopted.
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Q9: An allotment may be described as an
Q10: In the GASB reporting model, extraordinary items
Q11: All purchases of goods and services and
Q12: Expenses represent the costs to purchase goods
Q13: All encumbrances must be closed at year-end.
Q15: When goods for which an encumbrance has
Q16: On the government-wide statement of activities, depreciation
Q17: Contributions to permanent funds are shown on
Q18: Other financing sources increase fund balance in
Q19: Program revenues are distinguished from general revenues
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