Chapter 3, Problem 16.11EP

Which of the following is correct concerning the presentation of the budgetary comparison schedule?

1. a.   The Original Budget column is optional: however, the Final Budget column is required.
2. b.   The Variance column is required.
3. c.   The Actual column is required to be presented using the government’s budgetary basis of accounting.
4. d.   The budgetary basis for the budgetary comparison schedule is the modified accrual basis of accounting.