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What way is government accounting different from public company accounting?

 a. Government accounting has far more rules than public company accounting

 b. Government accounting occurs only once per decade

 c. The chart of accounts and financial statements are classified and organized differently

 d. Governments trade their shares in a different market than Public companies and thus report differently   

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Question added by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة
Date Posted: 2016/02/03

 c. The chart of accounts and financial statements are classified and organized differently

 

Elyasali Ebrahim
by Elyasali Ebrahim , Cashier cum Data Entry and Staff Accountant , Al Rawabi group of companies

The right answer is option C. 

Ahmed Alkhateb
by Ahmed Alkhateb , Independent Accounting , Self employed

Option C is the right answer 

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