Government accounting is based on:

Inflation accounting
Social accounting
Single accounting system
Double accounting system

The correct answer is: D. Double accounting system.

Government accounting is a system of accounting that is used to track the financial transactions of a government. It is based on the double accounting system, which is a system of accounting that records all financial transactions in two accounts: a debit account and a credit account. This system ensures that all financial transactions are recorded accurately and that the total debits equal the total credits.

Inflation accounting is a system of accounting that adjusts financial statements for the effects of inflation. This system is used to provide a more accurate picture of a company’s financial performance over time.

Social accounting is a system of accounting that measures the social and environmental impacts of a company’s activities. This system is used to provide a more comprehensive picture of a company’s performance than traditional financial accounting.

A single accounting system is a system of accounting that is used to track the financial transactions of a single entity. This system is typically used by small businesses and individuals.

A double accounting system is a system of accounting that is used to track the financial transactions of multiple entities. This system is typically used by large businesses and governments.

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