Budgetary Accounting, Governmental Revenues, and Expenditures Please explain the similarities and differences between full accrual...

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Accounting

Budgetary Accounting, Governmental Revenues, and Expenditures

Please explain the similarities and differences between full accrual and modified accrual accounting. How budgets get recorded and updated in the accounting records and explain the methodology for recording the most common transactions for the general and special revenue funds.

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