АСTIVITY Q1: Discuss the four agencies' accounting responsibility Q2: What do you mean by one-fund concept as basic feature of the NGAS? What are the exemptions where the one-fund concept could not be applied? Q3: Differentiate Allotment, Obligation and Notice of Cash Allocation.
АСTIVITY Q1: Discuss the four agencies' accounting responsibility Q2: What do you mean by one-fund concept as basic feature of the NGAS? What are the exemptions where the one-fund concept could not be applied? Q3: Differentiate Allotment, Obligation and Notice of Cash Allocation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Summary objectives under new government accounting system
Transcribed Image Text:ACTIVITY
Q1: Discuss the four agencies' accounting responsibility
Q2: What do you mean by one-fund concept as basic feature of the NGAS? What are the exemptions where
the one-fund concept could not be applied?
Q3: Differentiate Allotment, Obligation and Notice of Cash Allocation.
Q4: Which of the following: Commission on Audit, Department of Budget and Management, National
Government Agencies and Legislative Department is not charge with the government accounting
responsibilities? Explain your answer.
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