Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

using your AI rewrite the following text without deducting or adding any things Statutocy expenditures are the expenditures that are paid directl from the Consolidated

using your AI rewrite the following text without deducting or adding any things
"Statutocy expenditures are the expenditures that are paid directl from the Consolidated fund without requiring prior anmual approval of the National Assembly in the form of Appropriation Acts or Supplementary Appropriation Acts FALSE
The public debts of the United Republic are also paid from the Consolidated Fund. TR YE
The government cannot revfe its budget at the mid financial year by increasing the expenditures. FRLCE FALSE
Government accounting system aims to have a systema under which proper preparation, maintenance and retention of financial and related records of the Government can be systematically effected. TRufE
Government accounting system aims to maintain records those reflect the propriety of transactions and give evidence of transparency. TRUE
Government accounting system aims to provide the Government with the reliable basis for the control and management of the public funds and other property. I RUE
Appropriation is an authorization bran Act of Parliament that allows the government institution to incur obligations and to make payments out of the NMB Bank for specific purposes. FALSE
The usefulness of government accounting includes the control of the Government money and other properties, provision of management information and appraisal of financial soundness. TRUE"
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Accounting Uk Gaap Volume 2

Authors: Alan Sangster, Frank Wood

1st Edition

0273718800, 9780273718802

More Books

Students also viewed these Accounting questions

Question

What does the term en banc mean?

Answered: 1 week ago

Question

Why is it important to have a code of ethics?

Answered: 1 week ago