Question: Write on the similarities and differences between the following terms Public Accounts Private Accounts Government Accounting Commercial Accounting Cash Accounting Basis Accrual Accounting Basis Revenue

Write on the similarities and differences between the following terms

Public Accounts Private Accounts

Government Accounting Commercial Accounting

Cash Accounting Basis Accrual Accounting Basis

Revenue Income

Tax Revenue Non Tax Revenue

The Executive The Legislative

Government Budget Incremental Budget

Recurrent Expenditure Capital Expenditure

Internal Audit External Audit

IPSAS 1 IAS 1

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