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Governmental Accounting is different than financial accounting. What are some differences? So, how does governmental accounting relate...

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Accounting

Governmental Accounting is different than financialaccounting. What are some differences?

So, how does governmental accounting relate to otherbusiness areas?

Why is it important that businesses be aware of howgovernment does their accounting, or is it important tobusinesses?

Answer & Explanation Solved by verified expert
3.8 Ratings (358 Votes)
Difference between Governmental Accounting and Financial Accounting Ser Basis of difference Governmental Accounting financial accounting 01 Discrimination between capital expenses and revenue expenditures In governmental accounting we do not discriminate between capital expenses and revenue expenditures In financial accounting we    See Answer
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