What is GOVERNMENT ACCOUNTING?

Non-commercial accounting. Assets are constrained to legal purposes. Accounts partition into budgets and encumbrances. Called public finance accounting in the UK.

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Related Legal Terms
GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB), ENVIRONMENTAL ACCOUNTING, FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), REPLACEMENT COST ACCOUNTING, GENERALLY RECOGNIZED ACCOUNTING PRACTICE (GRAP), INTERNATIONAL ACCOUNTING STANDARDS (IAS), ACCOUNTING CYCLE, CHANGE IN ACCOUNTING METHOD, PUBLIC ACCOUNTING, CONSTANT VALUE ACCOUNTING


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