As used in governmental accounting, interperiod equity refers to a concept of
A) providing the same level of services to citizens each year.
B) measuring whether current year revenues are sufficient to pay for current year services.
C) levying property taxes at the same rate each year.
D) requiring that general fund budgets be balanced each year.

Question

Quizplus · Accepted Answer

Interperiod equity in governmental accounting is a concept that focuses on ensuring that current year revenues are sufficient to pay for the services provided in that year, thereby not burdening future periods with the costs of current services.

As Used in Governmental Accounting, Interperiod Equity Refers to a Concept