Governmental fund-basis statements reflect modified accrual accounting and must be adjusted to the accrual basis when preparing the government-wide statements.

Name: Governmental fund-basis statements reflect modified accrual accounting and must be adjusted to the accrual basis when preparing the government-wide statements.
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Governmental funds use the modified accrual accounting and the current financial resources focus and must be adjusted when preparing the government-wide statements.

Governmental Fund-Basis Statements Reflect Modified Accrual Accounting and Must Be