The U.S.government uses:

Question

Quizplus · Accepted Answer

The U.S. government uses only cash accounting, which means it records revenue and expenses when they are received or paid, rather than when they are incurred. This differs from capital accounting, which records expenses when they are incurred, even if they are not paid until a later date. While this method may not provide the most accurate picture of long-term financial health, it is a simpler method for tracking and reporting government finances.

The U.S.government Uses