The GASB is the board that provides the guideline to the governmental units about proper accounting of transactions. As per GASB, the accounting for funds of a governmental unit is different from that of private units. To fill: The correct amount should be recorded in the opening entry for appropriation.

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Chapter 16, Problem 16.19.16P

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The GASB is the board that provides the guideline to the governmental units about proper accounting of transactions. As per GASB, the accounting for funds of a governmental unit is different from that of private units.

To fill: The correct amount should be recorded in the opening entry for appropriation.

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