Preparation of budgets on same basis

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Governmental fund types, it assumed that budgets are prepared on the modified accrual basis. Examples also assume that the perspective of the budget is the fund, and that the revenue budgets are prepared by source and appropriations budget are prepared by function. From the standpoint of financial management of a government, state what objectives are served by preparation of budgets on the same basis as financial statements

Reference no: EM13151848

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