The budget prepared by government units is legal documents, whereas budgets prepared by commercial organizations are not legal documents.
While a commercial enterprise uses a budget as a management resource, a government uses it to illustrate accountability to the general public. A government have to also report all cash pass-through grants and other financial help while commercial enterprise entities may exclude certain pass-through grants as revenues and expenses
Government accounting strictly follows the government budgeting system. Commercial accounting does not follow the government budgeting system. Government accounting is ready on cash basis. commercial accounting is prepared on cash in addition to accrual basis.
The budget of the usa is the President's proposed spending levels for the next fiscal year. Appropriation bills are Congress' reaction to the President's suggestion.
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