Chapter

Government Accounting

S.K. Das

in Rethinking Public Accounting

Published in print July 2008 | ISBN: 9780195698336
Published online October 2012 | e-ISBN: 9780199080564 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195698336.003.0001
Government Accounting

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Most government accounts are on a cash basis. It means that money is brought to account when they are paid or received. Such an accounting regime is consistent with the arrangements whereby the legislature votes the government's request for funds. This chapter begins by evaluating the government accounting system in terms of compliance and stewardship, state of finances, performance, and economic impact. It then considers the pros and cons of the cash basis as an accounting system. This is followed by a discussion of the advantages and disadvantages of introducing accrual accounting in government departments.

Keywords: cash accounting; public accounting; accrual accounting; expenditure; legislature; cash limit; public spending; process of audit; private sector

Chapter.  6001 words. 

Subjects: Indian Politics

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