Which of the Following Statements Is Not Consistent with the GASB's

question 2

Multiple Choice

Which of the following statements is not consistent with the GASB's "Budgeting,Budgetary Control,and Budgetary Reporting Principle?"

• A) An annual budget must be adopted using generally accepted accounting principles.
• B) The accounting system should provide the basis for appropriate budgetary control.
• C) Budgetary comparison schedules should be presented as required supplementary information for the General Fund and each major special revenue fund for which an annual budget has been adopted.
• D) The budgetary comparison schedule should present both the original and the final appropriated budgets for the reporting period.

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Definitions:

Boolean Equation

A mathematical expression that uses Boolean algebra, involving variables that take values from a two-element set (usually 0 and 1) and are combined using logical operations.

Ladder Logic

A graphical programming language resembling the schematic diagrams of relay logic hardware, used to program PLCs.

Logic Represented

The symbolic depiction of logical operations and relationships, typically used in the development and analysis of algorithms, circuits, and programming.

Boolean Equation

A mathematical expression that involves Boolean algebra and uses binary variables and logical operations, commonly used in computer science and digital electronics.