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public sector audit is different from private sector audit
what is the importance of public sector accounting
ANSWERS
Simply stated, the joint sector is a form of partnership between the public sector an the private sector
Public sector banks are banks that are owned by the government of India. The most important use of public sector banks is the fact that, it is used by the government to dispense the pension amounts for the retired employees of state and central government if India.
public sector
A sector in which the public can budget
Accountability is very important in the public sector. All civil servants and employees must be held accountable for their actions, in and out of office.
Accounting is undoubtedly important in a public sector:Helps in rendering superiority for procuring resourcesSupplies products and services through adherence of the budgetManages public money with accuracy
the public sector necessity
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.
Private sector are things that are owned by people. Public sector are things that are owned by the government.