The basis of accounting for public sector is
...The basis of accounting for public sector is
Accrual basis
Cost basis
Revenue basis
Cash basis
Correct answer is D
This is the basis for recording in government accounting where revenue are recorded when cash is received.
$ Trade creditors (31/12/2020) 4,...
Which of the following is in the personal Ledger? ...
Partner's interest on capital is shown in the ...
Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...
........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...