Explain the following terms in the context of Public Sector Accounting i) Accrual accounting(2mks) ii) Commitment accounting(2mks)

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Explain the following terms in the context of Public Sector Accounting

i) Accrual accounting(2mks)

ii) Commitment accounting(2mks)

iii) Fund accounting(2mks)

iv)Government funds(3mks)

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Feb 28, 2023 08:00 AM

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Explain the following terms in the context of Public Sector Accounting i) Accrual accounting(2mks) ii) Commitment accounting(2mks)

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The detailed answer for the above question is provided below i Acc ru al accounting is a method of a... View the full answer

Intermediate Accounting

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