Distinguish between private and public sector organization.
Public organizations are controlled by governments. Private organizations are not controlled by governments and can include a not-for-profit organization.
Accounting for public organizations and not-for-profit organizations have their own set of guidelines with necessary controls.
Private organizations are planned to make a profit, while public ones are organized to provide services.
The distinguish difference is the source of revenue.
Public organizations are controlled by governments. Private organizations are not controlled by governments and can include a not-for-profit organization.
ReplyDeleteAccounting for public organizations and not-for-profit organizations have their own set of guidelines with necessary controls.
ReplyDeletePrivate organizations are planned to make a profit, while public ones are organized to provide services.
ReplyDeleteThe distinguish difference is the source of revenue.
ReplyDelete