MANCOSA

Concepts of Financial Reporting $($Financial Accounting $2$A$)$ Jan$24$ Y$2$ S$1$

A government agency needs to allocate its budget efficiently. How can accounting principles be applied in the public sector to achieve financial control and transparency?

A$.$ By outsourcing financial management.

B$.$ By avoiding financial documentation.

C$.$ By maintaining a general ledger.

D$.$ By disregarding taxpayer funds.