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Legal and administrative constraints are societys tools for directing Government and NP institutions in achieving their objectives. This results in an emphasis on control of

Legal and administrative constraints are societys tools for directing Government and NP institutions in achieving their objectives. This results in an emphasis on control of and accountability for expendable financial resources in G&NP organization accounting and financial reporting rather than on net income determination. Why cant the profitability measure provide this direction? Identify various legal and administrative control provisions unique to G&NP organizations and explain their impact on accounting and reporting for such organizations.

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