Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures. Government and public accounting, often referred to as governmental accounting or public sector accounting, is a specialized branch of accounting dedicated to managing the financial affairs of government entities and publicly funded organizations.
Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures. Government and public accounting, often referred to as governmental accounting or public sector accounting, is a specialized branch of accounting dedicated to managing the financial affairs of government entities and publicly funded organizations.
Source: Wikipedia "Governmental accounting" · CC BY-SA 4.0
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