What is the difference between Modified accrual and Full accrual method?"
View page
advantage modified accrual accounting in government
View page
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
View page
It's full accrual because it is considered part of the business
type activities of a government. Something, such as the general
fund, is considered modified because it is a budgetary tool and it
would not consider future liabilities, only current.