ACC 305 Governmental Accounting
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Government accounting as per the course ACC 305 Governmental Accounting course comprehend maintaining all the financial transactions incurred by the government, which includes its income and expenditures.
The objective of government accounting is:
- To record government revenues and expenses.
- To control the expenses within the ceiling of the budget.
- To provide financial information and data for budgetpreparation.
Following are the features of government accounting under course ACC 305 Governmental Accounting:
- Profit And Loss.
- GovernmentRegulations.
- Double Entry System.
- Budget Heads.
- Budgetary Control.
- Banking Transaction.
- Auditing.
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