CAG - ICSSR Research Article Competition
The CAG and ICSSR Research Article Competition is being organised under the collaboration between the Office of the Comptroller and Auditor General of India and the Indian Council of Social Science Research, with the objective of encouraging academic engagement with issues relating to public finance, governance, social sector spending, employment and local bodies. The competition seeks to promote original, evidence-based and policy-relevant research by students and research scholars, using CAG Audit Reports as important reference material.
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A dedicated webpage has been created to provide participants with theme-wise access to relevant CAG Audit Reports relating to Jharkhand. The page contains report links in both English and Hindi. Please click on Read More.
ACCOUNTS & VLC
The Comptroller and Auditor General of India (C&AG) is responsible for compiling the Accounts of the State Governments under Articles 149-151 of the Constitution of India and the CAG&039;s (Duties, Powers and Conditions of Service) Act, 1971. Under these provisions he compiles the Monthly and Annual Accounts of the State Governments through the Principal Accountants General (Accounts and Entitlements) in each State. The inputs for the compilation of accounts are the Schedules/Challans of receipts, Vouchers of payments from the Treasuries and Pay and Accounts Officers; Compiled accounts from the Public Works and Forest Divisions and the Inter-Governmental and Inter-State payment details received from the State Governments through the Accountants General, Loans and Grants received by the State Government from Government of India through the Reserve Bank of India, constitute the primary books of accounts for these transactions.
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Monthly Civil Accounts is a report showing the Receipts and Payments of the State Government together with the Opening and Closing Cash Balance of the Government. The receipts and payments details are shown Major Head wise indicating the figures for the current month and the progressive figures along with the Budget Estimates. This report is compiled from the ‘Main Accounts’ sent by the various Treasuries, Pay and Accounts Officers, Public Works, Forest and R.E.S. divisions, Agricultural Engineering Workshop and it includes Settlement Accounts. The monthly civil accounts is submitted monthly to the Deputy Secretary, Finance Department of the State Government by the Accountant General up to 25th of the month succeeding the account month in prescribed form AC-31. For e.g. 02/2020 accounts report was submitted to the State Government on 24th of March 2020. Through this report, the Government will be able to discern its financial position alongside the transactions relating to various functions.
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Structure of Accounts STRUCTURE OF ACCOUNTS 1. The accounts of Government are kept in the following three parts: Part I Consolidated Fund Part II Contingency Fund Part III Public Account In Part I, namely Consolidated Fund, there are two main divisions, Viz.:
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The Accountant General prepares the Monthly Civil Accounts, Appropriation Accounts and Finance Accounts of the State Government from the initial accounts compiled by the treasuries. The first stage of initial compilation is the daily accounting of the individual receipts and payments as they occur in the cash book and subsidiary register of the treasury. Each district treasury compiles from these initial records the monthly schedules of receipts and payments for each major/sub major head.
