How does the modified accrual basis of accounting differ from accrual accounting? Why is modified accrual used

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How does the modified accrual basis of accounting differ from accrual accounting? Why is modified accrual used for governmental fund financial statements?

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Accounting For Governmental And Nonprofit Entities

ISBN: 9781260118858

19th Edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

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Question Posted: Jul 04, 2022 02:01 AM

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How does the modified accrual basis of accounting differ from accrual accounting? Why is modified accrual used

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Accounting For Governmental And Nonprofit Entities

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