Question: please help with both True or False: The general rule for recognizing expenditures in Government Funds requires expenditure recognition in a Government Fund when that

please help with both
True or False: The general rule for recognizing expenditures in Government
Funds requires expenditure recognition in a Government Fund when that
Government Fund incurs a liability.
The Consumption Method of accounting for inventory in Government Funds
a. Requires a debit to expenditures when inventory is "issued" (consumed) if using a
Periodic inventory tracking system
b. Can be used with either a Perpetual or Periodic inventory tracking system
c. Requires a credit to the current asset account "inventory" when inventory is
purchased if using a Perpetual inventory tracking system
d. All of the above
please help with both True or False: The general

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