Which of the following is required to be prepared for the General Fund according to GASB standards?

Question

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For governmental-type funds, GASB standards require preparation of two basic financial statements: a balance sheet and a statement of revenues, expenditures, and changes in fund balances. A Special Revenue Fund is a governmental-type fund. GASB standards also require preparation of a budgetary comparison, which may be presented either as a basic financial statement or as a schedule in required supplementary information.

Which of the Following Is Required to Be Prepared for the General