The GASB "Budgeting Principle" States That an Annual Budget Should

question 21

Multiple Choice

The GASB "Budgeting Principle" states that an annual budget should be adopted by (for) every

• A) Governmental fund type.
• B) Fund of a government.
• C) Government.
• D) Governmental fund type except capital projects funds.

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Definitions:

Closing

The process of completing a transaction or finalizing accounts at the end of an accounting period.

Push Strategy

A marketing strategy that involves taking the product directly to the customer via whatever means, ensuring the customer is aware of your brand at the point of purchase.