Government Accounting Rules
In the year 1990, President of India makes Government Accounting Rules taking the advice of Comptroller and Auditor General. These rules describes the general principles of Government Accounting for Government departments. These rules cover the following:-
Chapter 1 – INTRODUCTORY
Short Title and Commencement.
Definitions
Articles of the Constitution etc. to be kept in view in devising the form of accounts
Annual Accounts
Issue of Subsidiary Instructions
Special provision relating to Railways, Posts, Telecommunication and Defence Departments
Chapter 2 – GENERAL OUTLINES OF THE SYSTEM OF ACCOUNTS
Agreements of the Central Government with the Reserve Bank
Account of the Central Government with the Bank
Accounts of State Governments with the bank
State Transactions in Central Treasuries
Transactions of the other Governments, including Central Government in State
Broad outlines of the accounts – feeder-network and system of accounts of the Central Government and Union Territory Administrations.
Broad outlines of the accounts – feeder-network and system of accounts of State Governments and of the Union Territory Governments.
Accounts between different Accounts offices of the Central Government
Authorities responsible for the preparation of Annual Accounts of the Central Government, State and Union Territories Governments.
Proforma Accounts
Journal and Ledger
Chapter 3 – BASIC STRUCTURE OF THE FORM OF ACCOUNTS
Period of Accounts
Cash basis of Accounts
Currency in which Accounts are kept
Form of Accounts – Main Divisions of Accounts
Sectors and Sub-sectors of Accounts
Allotment of Code to each Major Head and range of Code Numbers
Major, Minor and Detailed Heads
Classification of expenditure as “Charged” or as “Voted”
Classification of transactions in accounts
Basis of classification
Criteria for determining whether expenditure should be classified under heads of Capital Section or Revenue Section of the Consolidated Fund.
Allocation between capital and revenue expenditure on a capital scheme
Net Gain or Loss by Exchange in respect of Government transaction in foreign currencies
Classification and accounting of transactions pertaining to more than one Major Head of Account
Classification and accounting of transactions relating to Scheduled Areas
Classification and accounting of recoveries of over payments
Accounts of Government Commercial Departments or Undertakings
Rectification of Mis-classifications
Criteria for writes-off of balances from Debt. Deposit, Suspense and Remittances Heads closed to balance and classification thereof in accounts
Chapter 4 – Criteria for recovery of charges for services rendered or articles supplied by Government Departments
Introductory
Adjustment between Governments
Adjustments with Foreign Governments, outside bodies, etc.
Inter-departmental adjustments
General
Chapter 5 – Rules regarding classification of recoveries of Expenditure in Government Accounts
The rules contained in this Chapter indicate the manner of classification of ‘recoveries’ of expenditure in Government accounts.
Classification of Recoveries made from non-Government parties and other Governments including Government outside India
Classification of recoveries made by one department from another department of the same Government.
Classification of recoveries of expenditure on works in progress and transactions of stock and other suspense account
Classification of receipts and recoveries on Capital Accounts.
Chapter 6 – Rules relating to classification of losses in Government Accounts
Classification of loss etc. of receipts
Buildings, lands, stores and equipment
Classification of losses or deficiencies of cash in hand, whether in treasury or in departmental charge
Classification of Irregular or unusual payments
Classification of Inevitable Losses
Chapter 7 – Miscellaneous Rules
Incidence of certain charges and receipts between Governments
Treasury Accounts
Departmental Accounts
Chapter 8 – Important General Orders Governing Classification
Pay & Allowances (Other than Travelling Allowances) of Government Servants
Travelling Expenses
Contributions made by or to Government
Classification of transactions under “Civil Advances”
Classification of transactions under ‘Suspense’
Sale-proceeds of Government land and Buildings
Municipal rates and taxes
Interpretation
Repeal
Appendices
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