1. - Accounting is applicable to its offices, institutions, and departments. A. Financial Accounting B. Government Accounting C. Cost Accounting. D. None of the given option 2. Which of the following is an example of nonprofit organization? A. Public hospital B. Insurance companies C. Corporations D. Audit firm 3. Government Accounting is also referred to as. A. Capital budgeting B. Cost Accounting C. Public Finance Accounting D. None of the given option 4. It is the process of recording, classifying, summarizing and interpretating the financial transaction of A. Municipality B. Government C. Profit organization D. None of the given option 5. In govt accounting financial transactions are recorded. These are related to A. Revenue and Expenditure B. Balance Sheet C. Trading Account D. None of the given option. 6. Every Country has its own Government True False