The government accounting plan shows the overall system of what?a.Service Agencyb.Public Agencyc.Company Agencyd.Government Agency
Question
The government accounting plan shows the overall system of what?
a. Service Agency
b. Public Agency
c. Company Agency
d. Government Agency
Solution
Understanding the Question
The question is asking about the overall system represented in a government accounting plan, with multiple choice answers provided.
Analysis of Options
- Service Agency: Typically refers to organizations that provide specific services but does not encapsulate the broader scope of a government accounting system.
- Public Agency: This generally indicates organizations funded by taxpayer money providing services, but may not cover the entire system represented in government accounting.
- Company Agency: This option usually pertains to private or profit-oriented entities, which are not represented in a government accounting plan.
- Government Agency: This term encompasses all government entities involved in the management and reporting of public funds, which aligns closely with the purpose of a government accounting plan.
Conclusion
Based on the definitions and understanding of each option, the most fitting choice is:
Final Answer
d. Government Agency
Similar Questions
A(n) accounting system provides information that management can use to evaluate a department's manager.
Which of the following fund type(s) utilizes the modified accrual basis of accountinga.Enterprise.b.Permanent.c.Agency.d.Both Permanent and Agency
Which of the following would have public accountability under AASB 1053: Application of Tiers of Australian Accounting Standards?
accounting is used to provide information to managers within the organization to assist them in making decisions.
The method used to record and summarize accounting data into reports is called a(n) system.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.