Question: Balanced budget means that Appropriations must be equal or less than estimated revenues. a. False b. True The purpose of the modified accrual basis of

Balanced budget means that Appropriations must be equal or less than estimated revenues.

a.

False

b.

True

The purpose of the modified accrual basis of accounting is to measure the Capital maintenance in the Proprietary fund financial statements.

a.

FALSE

b.

TRUE

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