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25 July, 20:46

Under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available?

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  1. 25 July, 20:54
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    The correct answer is: Modified Accrual Accounting.

    Explanation:

    The Modified Accrual Accounting is a governmental - not for public companies - method that combines the accrual basis and cash basis accounting methods. Under this approach, revenues and expenses are recorded as soon as they are available and measurable.
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