Which of the following is a significant advantage of accrual accountin

Type: MCQ • Marks: 1

Which of the following is a significant advantage of accrual accounting in public administration?

A. It eliminates the need for budgetary control

B. It eliminates public debt

C. It guarantees balanced budgets

D. It provides information about assets, liabilities and obligations beyond immediate cash flows

Explanation

Accrual accounting can reveal obligations and resource consumption that cash accounting may not capture immediately.

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UPSC Principal & Vice Principal Management Finance Administration

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Which of the following is a significant advantage of accrual accounting in public administration?