Which of the following factors has aided the development of accounting?
The emergence of nation states
The discovery of mineral resources in commercial quantity
The growth in size of businesses and separation of ownership and management
The development and management of sophisticated monetary system
Correct answer is C
No explanation has been provided for this answer.
The amount of individual items on a government budget is called
Vote
Deposit
Loan
Grant
Correct answer is A
No explanation has been provided for this answer.
The cash bass of accounting requires the recognition of revenue only when they are
Due
Earned
Paid
Received
Correct answer is D
No explanation has been provided for this answer.
The receipt from a special tax levy to pay maturing interest obligation are recorded in
Capital fund project
Debt Service Fund
Tax Assessment Fund
Special Revenue Fund
Correct answer is C
No explanation has been provided for this answer.
Fixed expenditure
Capital expenditure
Annual expenditure
Recurrent expenditure
Correct answer is D
No explanation has been provided for this answer.