On what basis shall we allocate resources to Program A instead of Program B,” is the perennial statement in public sector budgeting. Identify and discuss at least five attempts, found in the budgeting literature, used to answer V.O. Key’s famous budgeting question. In your professional judgment, which type of budgeting system is most appropriate for public administration? Why do you feel this way?

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Q: budget prepared

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A:

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A: Hi student Since there are multiple questions, we will answer only first question. If you want…

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Q: 1. What are the steps in formulating the budget?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Q17: Among the advantages of object of expenditure approach all the following except а. It can be…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Discuss the relevance of the budget in public sector accounting.（300 words）

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Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.