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โˆ™ 2012-02-25 11:29:20
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Jane Eyre

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

Public sector accounting is Government accounting. They have a tradition of calling a General Ledger account code a Vote Code. It is usually Cash Accounting as distinct from Accrual Accounting. The Vote Book is the Cash Book. The Chart of Accounts is the Chart of Vote Codes. As an example, the GL account code structure may be Fund Code and Vote Code. The Fund Code is the bank account and may be "G" for General Fund. The Vote Code may be 2101 where the first character 2 is for expense (1 is for Income) and 2101 may be for PURCHASES- OFFICE. They are very concerned about Budgets and Actuals with Monthly reporting showing how Actuals are performing against Budgets. The objective is not profit and loss but spending the whole budget by the end of the budget year.


What is vote book in public sector?

Public sector accounting is Government accounting. They have a tradition of calling a General Ledger account code a Vote Code. It is usually Cash Accounting as distinct from Accrual Accounting. The Vote Book is the Cash Book. The Chart of Accounts is the Chart of Vote Codes. As an example, the GL account code structure may be Fund Code and Vote Code. The Fund Code is the bank account and may be "G" for General Fund. The Vote Code may be 2101 where the first character 2 is for expense (1 is for Income) and 2101 may be for PURCHASES- OFFICE. They are very concerned about Budgets and Actuals with Monthly reporting showing how Actuals are performing against Budgets. The objective is not profit and loss but spending the whole budget by the end of the budget year.


What is the best accounting jobs available?

Accounting is an excellent field to get involved in. You can become a CPA (Certified Public Accountant), or even a book keeper for a company. There are several jobs that require experience in accounting.


Distinguish between accounting and book keeping?

distinguish between book keeping and accounting


What has the author Didier Dutour written?

Didier Dutour has written: 'Directory of major public institutions active in the European book sector'


What is the principal book of accounting?

Journal Book


Where can one find books on intermediate accounting?

Donald E. Kieso's book "Intermediate Accounting" is considered to be the best book on the subject of Intermediate Accounting. You can find his book on Amazon and in every major book store.


What are accounting conversion and concept?

accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.


What is book adjustment in accounting?

Book accounting is the method of accounting used within a company. This method utilizes ledgers, financial journals, balance sheets, and income statements.


What are the similarities of accounting and bookkeeping?

accounting and book keeping are responsible for recording the daily activities of a company in the accounting records


Does Ghana passport have a passport book number?

no


What has the author Paul M Fischer written?

Paul M. Fischer has written: 'Student companion book to accompany advanced accounting, 8E' 'Advanced Accounting - Textbook Only' 'Student companion book to accompany Advanced accounting, 8e' -- subject(s): Accounting 'Advanced accounting' -- subject(s): Accounting 'Cost accounting' -- subject(s): Cost accounting 'Fundamentals of advanced accounting' -- subject(s): Accounting

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