Which of the following accounting methods is most consistent with the budgetary spending limits that governmental managers must manage?

Name: Which of the following accounting methods is most consistent with the budgetary spending limits that governmental managers must manage?
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Question

Quizplus · Accepted Answer

The expenditure basis is most consistent with budgetary spending limits as it records expenses when the obligation is incurred, aligning with how governments typically manage budgets.

Which of the Following Accounting Methods Is Most Consistent with the Budgetary