Abstract
Accounting is the process of recording transactions and events for the purpose of proving Information for the good conduct of the activities of such organization. The purpose of this study is to examine the Accounting systems in private and public sector establishment and to know what accounting is all about, History of accounting Nature and purpose of Accounting, The operational guideline and attributes of Accounting etc Two organizations were chosen for the purpose, that is private and public establishment. Data were collected from both primary and secondary sources, questionnaires and oral Interview from the employees or management of the organization. After analyzing the data, the following findings were made
- The principles of Accounting, procedures and practices in both private and public establishment are the same.
- There are different financial statements prepared at the end of an accounting period.
- There are different users of accounting Information.
- There are different financial statements are prepared at the end of the Accounting period.
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