GASB standards contain all of the following in its three-part budgetary principle except:
A) An annual budget should be adopted by every governmental unit.
B) The accounting system should provide the basis for appropriate budgetary control.
C) Budgetary comparisons should be included in the appropriate financial statement and schedules for governmental funds for which an annual budget has been adopted.
D) None of the above; all would be included

Question

Quizplus · Accepted Answer

All of the listed components are included in GASB standards' three-part budgetary principle.

GASB Standards Contain All of the Following in Its Three-Part