Difference between operational and capital budgets


Question: Which of the following characteristics of public budgets is the main difference between operational and capital budgets? Group of answer choices They are prepared to allocate resources for the acquisition or construction of facilities or other items that have a long useful life (they will not be consumed during a single budget year), are very costly, and are unlikely to be funded again in the short-term. They require the government to disclose the source of the money to be used for the proposed expenditures. They require approval by legislative bodies They undergo budget evaluation.

 

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Accounting Basics: Difference between operational and capital budgets
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