Considering GASB standards, with the help of an illustration each, explain the recognition of following...
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Accounting
Considering GASB standards, with the help of an illustration each, explain the recognition of following expenditures of the government fund: (10 Marks)
a. Wages and salaries
b. Pension
c. Interest and principal on long term debt
d. Acquisition and use of materials and supplies
e. Acquisition and use of capital assets
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