JAMB Accounting 2017 Objective — Question 34

Question 34 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

Public sector accounting is basically

A. A. cash-basedCorrect
B. B. accrual-based
C. C. budgets-based
D. D. consolidated fund-based

Explanation

Public sector accounting typically operates on a cash basis, as accounts are opened and closed within a single year.

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