Recording the expenditures of governmental fund


Response to the following problem:

Under pressure to balance their budgets, governments at all levels have resorted to fiscal gimmicks, such as delaying the wages and salaries of government employees from the last day of the month to the first day of the following month. In the year of the change they there by had one fewer pay periods. How would the change affect the reported expenditures of a governmental fund under GAAP?

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Financial Accounting: Recording the expenditures of governmental fund
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