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| Type | Commercial Circular |
|---|---|
| Topic | general |
| Currency | Currency not verified |
(I) Debt (other than those included in Part I) &
STRUCTURE OF
RAILWAY ACCOUNTS
Renu Devpura
Sr.Instructor
ZRTI UD
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STRUCTURE OF
RAILWAY ACCOUNTS
Government Accounts
Commercial Accounts:
Capital and Revenue Accounts
(Accrued Basis)
Finance Accounts
(Actual Basis)
Suspense Accounts
Traffic Suspense
Demands Recoverable
Demands Payable
Labor
3
STRUCTURE OF
RAILWAY ACCOUNTS
Government Accounts
The main requirement of government
accounting is that ;
• A systematic record of all actual receipts
and actual expenditure classified under
certain headings,
• Action of transaction should be important.
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STRUCTURE OF
RAILWAY ACCOUNTS
Commercial Accounts
The financial transactions of a commercial concern
should be recorded in such a way as to show ;
• How its capital has been utilised,
• How it stands in relation to its debtors & creditors,
• Whether it is gaining or losing,
• What the sources of its gains or losses are,
• Whether it is solvent or insolvent, and
• Period of transaction should be important.
STRUCTURE OF
RAILWAY ACCOUNTS
Classification in
government
Accounts
Part I
Consolidated Fund
of India.
Contingency Fund
of India.
Part III
Public Accounts
of India
Part II
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STRUCTURE OF
RAILWAY ACCOUNTS
Consolidated Fund of India.
In this part of the Account there are three
main divisions, namely:-
(1) Revenue,
(2) Capital and
(3)Debt (comprising public Debt and
Loans and Advances).
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STRUCTURE OF
RAILWAY ACCOUNTS
Contingency Fund of India.
In this part are recorded transactions
connected with the Contingency Fund set
up by the Government of India
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STRUCTURE OF
RAILWAY ACCOUNTS
Public Account of India
Here there are two main divisions, namely
(I) Debt (other than those included in Part I) &
Deposits; and
(2) Remittances
Thanks
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