7. Financial statement of government includes nonrevenue and non-expenditures. 8. Govt accounts reveal how public funds have been generated and utilized for the welfare of the public. 9. Govt accounting does not helps to prevent misappropriation of cash. 10. Govt transaction are performed through banks. 11. Govt accounting is based on the principles of double entry system of bookkeeping. 12. The main work of the govt offices to provide govt services to sell business goods. 13. Commercial organization ignores government budget. True False 14. Government offices need to prepared Final Accounts. True False 15. Government accounting broadly have three accounts: (i) Consolidated Fund, (ii) Public Account, (iii) Contingency Fund. True False