A sector in which the public can budget
function of public sector in india
The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business
In a public sector organisation, the rold of an account is similar to an accountants role in any other organisation. It Involvs: If the account method practiced is manual: Journal Entry ledger posting Trial balance, Profit and loss account Balance sheet reporting the management about the financial position of the business Management reporting Budgeting Maintaining accounting standards Maintaining accounting records It the organisation has a software (automatic method of accounting)then: Database management management reporting Budgeting Auditing
Public sector uses public tax dollar and is not subject to the free market
I take it you mean what are instead of what rare. The private sector is owned by the people. The public sector is owned by the government.
Henry A. Butt has written: 'Value for money in the public sector' -- subject(s): Management audit, Management by objectives, Program budgeting, Public Finance
The first scholar to express concern over the lack of budgetary theory in the public sector was Charles E. Lindblom. In his seminal work, Lindblom criticized the inadequacies of traditional budgeting practices and advocated for a more systematic approach to public budgeting, emphasizing the need for theory to guide decision-making in public administration. His insights laid the groundwork for further development in the field of public financial management.
public sector
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.
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
Sainsburys is in the public sector.
function of public sector in india
what is the importance of public sector accounting
The public sector can learn efficiency and innovation from the private sector, while the private sector can learn about accountability and transparency from the public sector. Both sectors can benefit from sharing best practices in areas such as customer service and resource management.