GOVERNMENT ACCOUNTING
\ɡˈʌvənmənt ɐkˈa͡ʊntɪŋ], \ɡˈʌvənmənt ɐkˈaʊntɪŋ], \ɡ_ˈʌ_v_ə_n_m_ə_n_t ɐ_k_ˈaʊ_n_t_ɪ_ŋ]\
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Non-commercial accounting. Assets are constrained to legal purposes. Accounts partition into budgets and encumbrances. Called public finance accounting in the UK.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.