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.
Which of these is not method of stock valuation? ...
An item that would be considered a first charge against profit in a company's account is ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost ................N1950 000 Dec...