Under modified accrual accounting,revenues are recognized when measurable and available to finance expenditures of the current period.

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Under modified accrual accounting, revenues are recognized when measurable and available to finance expenditures of the current period. This means that the revenue must be earned in the current fiscal period and must also be available to be used to fund current period expenses.

Under Modified Accrual Accounting,revenues Are Recognized When Measurable and Available