Which of the following is not a true statement about the difference between accounting and reporting for federal government agencies versus state and local governments?
a. The federal government uses a dual track method of accounting for proprietary accounts and budgetary accounts; state and local governments also use budgetary accounting.
b. State and local governments use accrual accounting in the government wide statements as well as proprietary and fiduciary funds; federal agencies use only the cash basis of accounting.
c. The budget is recorded in the general ledger of a state or local government and a federal agency.
d. State and local governments do not account for apportionments and most do not account for allotments.