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Subjects>Business>Accounting

What is the importance of accounting in public sector?

Updated: 9/24/2023

Wiki User

∙ 9y ago

Best Answer

Accounting is undoubtedly important in a public sector:

Helps in rendering superiority for procuring resources
Supplies products and services through adherence of the budget
Manages public money with accuracy

Wiki User

∙ 9y ago

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Continue Learning about Accounting

What are the importance of public sector accounting?

what is the importance of public sector accounting

Importance of IPSAS in public sector accounting?

ANSWERS

Differences between public sector accounting and private sector accounting?

The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.

What is the important of public sector accounting?

Explain why it's important to study public sector accounting.

What is the purpose of public sector accounting?

The purpose of a public sector is to give service to the customers

Related questions

What are the importance of public sector accounting?

what is the importance of public sector accounting

Importance of IPSAS in public sector accounting?

ANSWERS

Differences between public sector accounting and private sector accounting?

The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.

What is the important of public sector accounting?

Explain why it's important to study public sector accounting.

What is the purpose of public sector accounting?

The purpose of a public sector is to give service to the customers

What is the difference between public sector accounting as opposed private sector accounting?

1. The private sector accounting prepared accrual basis but public sector Accounting prepared cash basis. 2. The public sector account fixed assets treated expense but Private sector account fixed assets treated capital. 3. The public sector account analysis report Public but private sector account analysis report not public. 4. The public sector account fixed assets not calculated depreciation but private sector account fixed assets depreciation calculated.

Definition of public sector accounting?

devinition

What is the international public sector accounting standards board IPSASB?

no

Advantages and disadvantages of commitment basis of accounting in public sector?

Yes

What are the uses of vote book in public sector accounting in Ghana?

kamran ali

What is expenditure warrant in public sector accounting?

money set aside for expenses

What do you mean by joint sector explain the importance of joint sector?

Simply stated, the joint sector is a form of partnership between the public sector an the private sector

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