Identify what branch of accounting renders this service:
________1.Report on the spending of government funds
_________2.Report on the total cost of the materials and labor used in the production
Answer:
Report on the spending of government funds: This falls under the branch of accounting known as Governmental Accounting or Public Sector Accounting. Government accountants are responsible for tracking and reporting the use of public funds in various government activities.
Report on the total cost of the materials and labor used in production: This is associated with Cost Accounting. Cost accountants focus on analyzing and reporting the costs associated with production activities, including the costs of materials, labor, and overhead. They play a crucial role in helping businesses understand and manage their costs for efficient operation.
Explanation: