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Explain the nature and types of government revenue

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Reference no: EM133032152

Question -

(a) Explain the nature and types of government revenue sources and discuss how they are accounted for.

(b) When is modified accrual versus full accrual used?

(c) Explain the importance of inter-period equity. Why is this important in the revenue recognition process?

(d) Why the "available" criterion on revenue recognition is deemed significant?

Reference no: EM133032152

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