WebThe acquisition, use, and balances of the government's expendable financial resources and the related current liabilities-except those accounted for in proprietary funds-are accounted for through governmental funds (general, special revenue, capital projects, debt service, and permanent funds). http://audit.delhigovt.nic.in/sites/default/files/b31.pdf
Ppt on accounting standards - SlideShare
WebOct 27, 2024 · (1) At the close of March each year, (a) deposits not exceeding twenty five rupees unclaimed for one whole account year, or residuary balances not exceeding the said amount out of deposits partly repaid during the year then closing, and (b) all deposits or balances in excess of the aforesaid amount, unclaimed for more than three complete … WebBASIS OF ACCOUNTING •Government-wide Financial Statements •Economic Resources Measurement Focus and the accrual basis of accounting •Revenues are recognized when earned and expensesare recognized when a liability is incurred, regardless of the timing of the related cash flows BASIS OF ACCOUNTING •Governmental Fund financial … patchwork kernel
Governmental Accounting - SlideShare
WebMar 7, 2024 · The Basis of Accounting. The accrual basis of accounting is adjusted when dealing with governmental funds. The sum total of these adjustments is referred to as the modified accrual basis.Under the modified basis of accounting, revenue and governmental fund resources (such as the proceeds from a debt issuance) are recognized when they … WebJul 4, 2012 · Ppt on accounting standards 1. Accounting Standards 2. Presented by Name Roll Priyank Dosani No 06 Rushabh Dedhia 26 Himani Shah 27 Tejas Bhanushali 30 Kunal Kapadia 33 Umang Shah 34 Yash Jhaveri 35 3. AGENDA OF DISCUSSION Introduction of Accounting Standards Objectives of Accounting Standards Types of … WebSep 20, 2024 · Government accounting is a process which enables recording, making decision analysis, classification, summarization, notification, and interpretation of government financial knowledge as well as including and reflecting all transactions which include purchasing, transferring, and allocation of government property in general [ 1 ]. patchwork jeans outfits