Explain the difference between expenses and expenditures in a state and a local government.
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Explain the difference between expenses and expenditures in a state and a local government.
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- What costs necessitate the reporting of an expenditure by a governmental fund?Governments often provide goods and services to citizens or other governmental units at a fee. These activities are accounted for in: a. the general fund b. governmental funds c. proprietary funds d. special revenue fundsIs there a standard approach for determining when income and expenses are recognized in financial statements for governmental funds?
- which concerns with revenue and disbursement of government such as central government , state government O finance private public finance O financeUsing information in the relevant IPSASs, give a comprehensive definition (with examples) of revenue and expenditure appropriate for a Central Government.Explain the meaning of public expenditure and how it does expand state functions and its activities.