The process of recording financial transactions of government is

The process of recording financial transactions of government is known as public sector accounting. Public sector accounting is concerned with the accounting and financial management of government entities and organizations that operate in the public sector, such as government ministries, agencies, and departments. It involves recording, classifying, summarizing, and interpreting financial transactions in accordance with the rules and regulations governing the public sector. The purpose of public sector accounting is to provide accurate, reliable, and timely financial information to stakeholders, including citizens, taxpayers, and decision-makers.