Which of the following are characteristics of public sector accounting

Which of the following are characteristics of public sector accounting

Which of the following are characteristics of public sector accounting? (Select all that apply)

    A) Emphasis on stewardship

    B) Focus on accountability

    C) Use of accrual accounting

    D) Profit maximization objective

    Answer: A, B, C

    Explanation: Public sector accounting emphasizes stewardship and accountability, increasingly uses accrual accounting (IPSAS), but does not have a profit maximization objective.