The accounting treatment details the records which need to be maintained for complete and accurate recording of expenditures and the appropriate double entries for recording the transactions in the general ledger.

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Financial accounting system policies and procedures? The rules apply to the conduct of members in all jurisdictions. Federal Government or Provincial Government as the case may be. Test the directors finance and periodically held at liberty to and policies and inherent risks. Recoveries arise when goods and services are purchased in one department and are passed on to another department within the same Government. Prompt action needs to be taken when fraudulent activity is detected.

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