Under the modified accrual basis of accounting used by the General Fund,financial resources are considered available if the revenue or other financing source is expected to be collected
A) Within 60 days after year-end.
B) Within 90 days after year-end.
C) During the current fiscal period.
D) During the current fiscal period or a reasonable time after year-end defined by each individual government.

Question

Quizplus · Accepted Answer

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the revenue or other financing source is expected to be collected during the current fiscal period or a reasonable time after year-end defined by each individual government.

Under the Modified Accrual Basis of Accounting Used by the General