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Government accounting involves systematically recording, classifying, summarizing, and communicating all transactions involving the receipt and use of government funds and property according to accounting and budgetary laws. It uses both budgetary and real accounts to record actual and estimated transactions and does not consider depreciation as an overhead expense like commercial accounting. The key aspects of government accounting include appropriations, allotments, obligations, budgets, funds, programs a

Author

Al Cariaga Velasco

Language

EN