Answers
Q2
Answer
So, S.B. must include all revenues & expenditures for all gov. units.
* In case of inequality (where deficit exist) the gov. has to follow one or
both of these alternatives:
* In case of inequality (where surplus exist) the gov. has to follow one of
these alternatives:
Answer
(control orientation)
Ex. :
Resources :
Taxes
Grants
.
Total resources
Uses:
Total uses
It covers inputs only, this means that Gov. Acc. Deals only with what
is used to make the unit continues.
Management orientation)
Ex. :
Traffic control
Administration
..
total
(economic orientation)
Ex. :
a) Development plan
b) development control
2- Environmental improvements
b) Care of trees
3- commercial redevelopment
4- management by objectives
Q4
Answer
False
Because :
1- the funds will be provided to gov. units at the end of asset life
from S.B.
2- these gov. units introduce goods and services to the public either
free or at low price (so, preparing income statement to calculate net
income does not make sense in gov. units).
Q5
False