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PSC Exam Question - What is Government Accounting? Principles of Government Accounting System.


Introduction - Government Accounting System
Government accounting is the way toward recording, breaking down, ordering, condensing imparting and deciphering money related data about government in total and in detail reflecting exchanges and other monetary occasions including the receipt, spending, exchange, ease of use and attitude of benefits and liabilities.

In government, the makers of bookkeeping data are seldom qualified bookkeepers. In this manner few have involvement of accumulation bookkeeping. Be that as it may, they more often than not have a place with a different unit taking into consideration preparing and the procurement of expert bookkeeping aptitudes. 

Features:
  • Relatively uniform 
  • Well-documented  
  • Simple to learn and operate 
  • Easy to consolidate 


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