question archive 1) Expenses and expenditures are least likely to differ in amount for which type of transaction? a

1) Expenses and expenditures are least likely to differ in amount for which type of transaction? a

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1) Expenses and expenditures are least likely to differ in amount for which type of transaction?

a.salaries

b.capital assets purchases

c.debt principal retirement

d.depreciation capital asset

2.The governmental GAAP hierarchy was established by ?

3.The primary purpose of a fund is an independent accounting entitle with a self balancing set of account?

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  1. a. salaries
  2. Governmental Accounting Standards Board (GASB).
  3. Fund records accurately all reported attributes of a part of a whole of the government's activities and resources accounted for in that fund