Accounting assignment I seek your permission to assist me to understand .

ASSIGNMENT QUESTION ONE Explain any five differences between public sector and commercial accounting (15 marks) It is the policy of the Department to write off assets in the year of acquisition which is in line with government of Ghana Policy on asset. Required: Prepare a) A Receipt and Payment Account for the year ended 31st December, 2019 using Government main Revenue Expenditure Classifications. b) A Balance sheet as at 31st December, 2019. (15 marks) ASSIGNMENT QUESTION ONE Explain any five differences between public sector and commercial accounting (15 marks) It is the policy of the Department to write off assets in the year of acquisition which is in line with government of Ghana Policy on asset. Required: Prepare a) A Receipt and Payment Account for the year ended 31st December, 2019 using Government main Revenue Expenditure Classifications. b) A Balance sheet as at 31st December, 2019. (15 marks)