Unit 3DB - Governmental accounting
Question # 00714480
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Updated on: 01/19/2019 04:23 AM Due on: 01/19/2019
300-400 Words (FR) Unit 3DB
Governmental accounting gives substantial recognition to budgets, with budgets being recorded in the accounts of the governmental unit.
- What is meant by budgetary accounting?
- What is the purpose of a governmental accounting system?
- Why is the budget recorded in the accounts of a governmental unit?
- Explain the purpose and significance of appropriations.
- Describe when and how a governmental unit
- records its budget, and
- closes out the budgetary accounts.
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Solution: Unit 3DB - Governmental accounting
Solution: Government accounting