Presidential Decrees1 min read
Section 110Sec./Art. 110
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Objectives of government accounting. Government accounting shall aim to
1. produce information concerning past operations and present conditions;
2. provide a basis for guidance for future operations;
3. provide for control of the acts of public bodies and officers in the receipt, disposition and utilization of funds and property; and
4. report on the financial position and the results of operations of government agencies for the information of all persons concerned.
CHAPTER 2
ACCOUNTS AND ACCOUNTING
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