Normal Practice for Governmental Accounting Is to Record Expenditures When

question 46

True/False

Normal practice for governmental accounting is to record expenditures when the related fund liability is incurred under a modified accrual basis.

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Definitions:

Anomaly

An abnormality or deviation from the normal or expected pattern, often identified through diagnostic processes.

Congenital

A condition or trait present from birth, which can result from genetic factors or environmental influences during pregnancy.

Malformation

An abnormality in the formation, shape, or structure of a part of the body, often present from birth.

Preexisting

Already existing before a specified point in time or before an analysis, event, or assessment.