Government 1 2 Question Description Part A 300-400 words Governmental accounting gives sub …

Government 1 2Question Description Part A 300-400 words Governmental accounting gives substantial recognition to budgets, with budgets being recorded in the accounts of the governmental unit. What is meant by budgetary accounting?What is the purpose of a governmental accounting system?Why is the budget recorded in the accounts of a governmental unit?Explain the purpose and significance of appropriations.Describe when and how a governmental unit records its budget, andcloses out the budgetary accounts.