Question: A student comments A government destroys a recently acquired car

A student comments: ‘‘A government destroys a recently acquired car, sells the remains for scrap, and its general fund surplus for the year increases. That’s ridiculous. Government accounting makes so much less sense than private-sector accounting.’’ Explain why the situation described by the student arises. Does government accounting in fact differ so much from business accounting?

View Solution:

Sale on SolutionInn
  • CreatedAugust 13, 2014
  • Files Included
Post your question