1.Discuss the accounting procedure for government expenditure. 2. Write short notes on : (a) Public.

1.Discuss the accounting procedure for government expenditure.

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2. Write short notes on :

(a) Public account; (b) Consolidated fund; (c) Demand for grant; and (d) Votable and non votable items

3. Government accounts are mostly kept on a

A cash basis

B credit basis

C none of these.

4. Treasury is a term adopted from the

A Indian financial system

B British financial system

C none of these.

5. For keeping accounts, the government follows

A single entry system

B double entry system

C none of these.

6. When the receipts and expenditures do not balance, Revenue division exhibits

A deficit

B surplus

C either deficit or surplus.

7. Public account is in no way related to the capital division of the

A contingency fund

B consolidated fund

C none of these.

8. What do you understand by a Statement of Affairs and a Deficiency Account? How are these prepared?