GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Accounting is characterised as
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as the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof
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is prepared to provide financial information or report about the government business to people inside and outside the government entity.
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is carried out by professional accountant and by following the standard financial procedures established by the Accountant General Office.
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is to enhance accountability and transparency in Federal Government’s accounting and financial management
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Explanation:
Detailed explanation-1: -Right to Information Act ensures transparency and accountability of government.
Detailed explanation-2: -The concept of accountability refers to the legal and reporting framework, organisational structure, strategy, procedures, and actions to help ensure that any organisations that use public money and make decisions that affect people’s lives can be held responsible for their actions.
Detailed explanation-3: -Excessive secrecy can undermine the quality of public decision-making and prevent citizens from checking the abuses of public power. This can have a corrosive effect on virtually all aspects of society and governance.
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