Question: One of the differences between accounting for a governmental unit and a commercial unit is that a governmental unit should: not record depreciation expense in

One of the differences between accounting for a governmental unit and a commercial unit is that a governmental unit should:
not record depreciation expense in any of its funds.
always establish and maintain complete self-balancing accounts for each fund.
use only the cash basis of accounting.
use only the modified accrual basis of accounting.

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