Worksheet entries are required to change the government fund financial statements to the accrual basis of accounting.

Name: Worksheet entries are required to change the government fund financial statements to the accrual basis of accounting.
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Accrual basis of accounting requires recording of revenues and expenses when they are earned/incurred rather than when cash is received/paid. Therefore, worksheet entries are required to adjust the government fund financial statements to the accrual basis.

Worksheet Entries Are Required to Change the Government Fund Financial