Which of the following is the basis of accounting in public service?

The basis of accounting in public service is cash. This means that transactions are recorded when cash is received or paid out. In other words, revenue is recognized when cash is received and expenses are recognized when cash is paid out. This is different from accrual accounting where revenue is recognized when earned and expenses are recognized when incurred, regardless of whether cash has been received or paid out. The cash basis of accounting is generally simpler and easier to understand than the accrual basis, but it may not provide a complete picture of the financial health of an organization as it does not consider non-cash transactions such as accounts receivable or accounts payable.