1.Discuss the accounting procedure for government expenditure. 2. Write short notes on : (a) Public account; (b) Consolidated fund; (c) Demand for grant; and (d) Votable and non votable items 3. Government accounts are mostly kept on a A cash basis B credit basis C none of these. 4. Treasury is a term adopted from the A Indian financial system B British financial system C none of these. 5. For keeping accounts, the government follows A single entry system B double entry system C none of these. 6. When the receipts and expenditures do not balance, Revenue division exhibits A
View complete question »1.Discuss the accounting procedure for government expenditure. 2. Write short notes on : (a) Public account; (b) Consolidated fund; (c) Demand for grant; and (d) Votable and non votable items 3. Government accounts are mostly kept on a A cash basis B credit basis C none of these. 4. Treasury is a term adopted from the A Indian financial system B British financial system C none of these. 5. For keeping accounts, the government follows A single entry system B double entry system C none of these. 6. When the receipts and expenditures do not balance, Revenue division exhibits A deficit B surplus C either deficit or surplus. 7. Public account is in no way related to the capital division of the A contingency fund B consolidated fund C none of these. 8. What do you understand by a Statement of Affairs and a Deficiency Account? How are these prepared?
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