Many governments budget on the cash basis. Explain why a government would budget on a cash basis

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Many governments budget on the cash basis. Explain why a government would budget on a cash basis rather than on a GAAP-basis. What basis of accounting would you recommend for a municipality’s budget? Explain and justify your selection.

Related Book For answer-question

Macroeconomics Principles and Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Posted Date: Oct 28, 2019 12:52 AM

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Many governments budget on the cash basis. Explain why a government would budget on a cash basis

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To facilitate a true budget and actual comparison governments should prese... View the full answer

Macroeconomics Principles and Policy

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