Author Question: The presentation of a governmental fund budgetary comparison statement or schedule may be part of ... (Read 77 times)

09madisonrousseau09 · **on:** Jul 5, 2018

The presentation of a governmental fund budgetary comparison statement or schedule may be part of the

A. Basic financial statements and include the General Fund and certain Special Revenue Funds.
B. Basic financial statements and include the General Fund only.
C. Required supplementary information and include all governmental funds with a legally adopted budget.
D. Required supplementary information and include the General Fund only.

Question 2

The process of transferring the data from the journal to the ledger accounts is called posting.
a. True
b. False

Indicate whether the statement is true or false