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[ACC418] The legal basis of Government Accounting is ……..
the Constitution

[ACC418] Manuals of staff instructions arc designed to cover the details not dealt with in the ……..
financial regulations

[ACC418] Accounting concept that assummes that every business transaction involves two aspects is ……..
Dual Aspect Concept:

[ACC418] The concept of Chart of Accounts (COA) in the public sector is designed to ……..
to meet the governance requirements

[ACC418] The basis of public sector accounting that records anticipated expenditure evidenced by a purchase order is …….
Commitment Basis

[ACC418] One of these is not the required principles or factors to be considered before designing a chart of accounts.
Similarity

[ACC418] ……..is external user of public sector Accounting information.
Trade unions

[ACC418] ….are administrative instruments which are issued for the purpose of guiding day-to-day routine operations of the departments of government.
Finance circulars

[ACC418] …….requires that all material and relevant facts concerning financial transactions should be fully disclosed in the financial statements.
Convention of full disclosure

[ACC418] One of these is not an advantage of cash basis of accounting
It provides for depreciation of assets