Governmental accounting gives substantial recognition to budgets, with budgets being recorded in the accounts of the governmental unit.

In your own 300-400 words, please post a response to the following questions.

a. What is meant by budgetary accounting?

b. What is the purpose of a governmental accounting system?

c. Why is the budget recorded in the accounts of a governmental unit?

d. Explain the purpose and significance of appropriations.

e. Describe when and how a governmental unit 1)records its budget, and 2) closes out the budgetary accounts.