Which of the following is true regarding the Budgetary Comparison Schedule?
A) The Budgetary Comparison Schedule compares the actual results to the original 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.

Question

Quizplus · Accepted Answer

The Budgetary Comparison Schedule compares actual results to the original budget, and it must be prepared for the General Fund and each major special revenue fund with a legally adopted budget.

Which of the Following Is True Regarding the Budgetary Comparison