Question: An interim budgetary comparison statement for a governmental fund is found in Illustration. (a) Should this statement be prepared on the units budgetary basis or

An interim budgetary comparison statement for a governmental fund is found in Illustration.
(a) Should this statement be prepared on the unit’s budgetary basis or on the basis? Why?
(b) Why are interim budgetary comparison statements important to effective management control and legislative oversight?

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