Accounting courses in Chandigarh General Outline of the system of accounts: There are basically two parts, one related to central government and other related to state government

(1) Central government and union territory administration: (a) All receipts is on behalf of the central government shall be paid in to the bank. Drawls are on behalf of the central government from the bank shall made by cheque drawn thereon. There shall be accounted for by the bank as receipt and payments on behalf of the concerned Ministry and or department of the central government. (b) At present some miscellaneous receipt and transactions take place at state treasuries. Such transactions excluding those pertaining to civil pensions are accounted for by the treasuries in the state section of accounts under head 8658 suspense accounts for necessary cash settlement with the account officer concerned. (c) Officers of the civil ministries department of the central government who are allowed to pay their receipt in the consolidated fund or public accounts in lump for expenditure or from the contingency fund It shall submit detailed accounts of their transactions to their respective account officer. (d) Received accounts from the bank and department officer and from the book adjustment initiated in an account officer. (e) The pay and account officer will send to his/her principal office in the ministry department or union territory administration a monthly-complied account. (f) In respect of central transaction taking place at state/central treasuries account are at present maintained by SAG (g) The cash balance of central government in the books of CGA at close of each month will be reconciled with the statements of closing cash balance.

(2) State government and union territory administration: (a) All receipts are on behalf of each state government and on behalf of each union territory shall be paid into its treasury or the banks. (b) Receipts realized in the public works, forest and any other department, which may be authorized on behalf and shall be paid into a treasury or the bank in lump. (c) Payments are on behalf of state government and on behalf of union territory shall ordinarily be made either at its treasury or the bank. (d) At the beginning of each month each Accountant General will receive from the treasuries under his/her jurisdiction monthly account supported by the requisite schedules, vouchers in receipt of transactions. (e) From the account furnished by the treasury and civil department officers are referred to in clause (b) and (c) above. (f) The transaction relation to department, deposit and remittance head's appearing in the treasury cash account and list of payments and in the department and other abstracts will be collected for the whole circle of accounts under each head of accounts. (g) The Accountant General concerned will submit a copy of the monthly account of each state government.

Basic Structure of the form of the accounts: (1) Period of Accounts: The annual accounts of the central, state and union territory government shall record transactions, which take place during financial year running from 1st April to 31st March. (2) Cash basis Accounts: With the exception of such book adjustments as may be authorized by these rules on the advice of the CAGI The transaction in government accounts shall represents the actual cash receipt and disbursement during a financial year. (3) Currency in which accounts are kept: The account of government shall be maintained in Indian currency i.e. rupee (4) Form of Accounts: There are mainly three parts i.e. consolidated fund, contingency fund and public account.

Problems of government accounting: In the government account there are few problems affected adversely. In the case of central and stat government transaction communication procedure, bank accounts and uniformity are improper. Compare with private and merchant accounting, government accounting having primarily procedure, as well as loops of numbers of business laws therefore it becomes infective in real situation.

Website: Call CBitss Technologies SCO , Level 3,Near Passport office,Sector 34 A, Chandigarh /