Generally, expenditures are recorded and fund liabilities are recognized when goods and services are received, regardless of whether resources are available in the fund.

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Generally, expenditures are recorded and fund liabilities are recognized when goods and services are received, regardless of whether resources are available in the fund. As a result, many expenditures are accrued, even in governmental funds.

Generally, Expenditures Are Recorded and Fund Liabilities Are Recognized When