Government and nonprofit accounting involves working for organizations whose purpose is to serve ______. (Select all that apply)

Respuesta :

The people that benefit from the work done by government and nonprofit accountants are:

  • Ratepayers
  • Taxpayers

Governments are funded by the taxes paid by its people which means that accounting that is done to ensure proper records of the way this money is spent, benefits the taxpayers.

Other nonprofit accounting such as those related to public utility provides such as water and electricity, will benefit those who are paying to use those services. These people are called rate payers.

In conclusion, the accounting mentioned serves ratepayers and taxpayers.

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