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Public Sector Accounting: Revenue and Expenditure

video lesson SS3 · Financial Accounting · 11:53

This lesson covers sources of government revenue and explains terms related to public sector accounting. It classifies expenditures into capital and recurrent categories and provides examples for preparing statements of revenue and expenditure.

  • 06:32 “of boroughs. The value is 2.9 million nirah. Purchase of Motoka, 920,000 nirah. Purchase of ambulance, 1,134,500 nirah. Purchase of incubators, 1,233,000 nirah. Purchase of beds, 1425,000 nirah. Purchase of furniture, 67...”
  • 04:04 “drugs is also recurrence because hospitals need drugs regularly. Purchase of incubators is not something that is done regularly. So, it's capital in nature. Salaries is recurrence in nature. Purchase of beds is also a ca...”
  • 02:28 “3,250,000 Nira, purchase of beds, 425,000 Nira, repairs of motocas, 26,000 Nira, transport, 1,23,000 Nira, purchase of furniture, 67,000 Nira. You are required to prepare statements of capital expenditure and recurrence...”
public sector accounting government revenue expenditure classification expenditure capital recurrence purchase statements