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Considering GASB standards, with the help of an illustration each, explain the recognition of following expenditures of the government fund: (10 Marks) a. Wages and

Considering GASB standards, with the help of an illustration each, explain the recognition of following expenditures of the government fund: (10 Marks)

a. Wages and salaries

b. Pension

c. Interest and principal on long term debt

d. Acquisition and use of materials and supplies

e. Acquisition and use of capital assets

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