What Is the General Rule for Recognizing Revenues in Governmental

question 34

Multiple Choice

What is the general rule for recognizing revenues in governmental funds?

• A)revenues should be recognized when the budget is adopted
• B)revenues should be recognized when available and measurable
• C)revenues should be recognized when collected in cash
• D)revenues may be recognized either when collected in cash or when the budget is adopted,at the option of the government