Short Notes on Accounts – I
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Plan expenditure & Non-plan expenditure
Plan expenditure: For the development of the country Planning Commission year mark certain categories of scheme / works. The expenditure incurred for execution of such schemes are taken under Plan-expenditure. Such expenditure is borne by the Govt. of India in the form of Grants and Loans to State Govt.
Non-plan expenditure: Non-plan expenditure is made out of the own resources of the State Govt. for performing regular administration and social activities etc. of the Govt.Tax and Non-tax revenue
(a) Tax Revenue : The same are collected by the State for the general purpose of the community. Tax payers do not get any direct return from the State for making payment of taxes.
(b) Non- tax Revenue: This is purely an administrative decision. These are generally receipts in return for supplies and services rendered by the State.Revenue Receipts
Govt. Revenues i.e. Govt. receipts i.e. Tax revenue and Non-tax revenue Other than those under the fund, deposits and loan head of account.Capital Receipts
Capital receipts in so far as they relate to expenditure of previously debited to capital heads accruing during the process of construction of a project, should be deposited to capital head in reduction of capital expenditure.Plus and Minus Memorandum
Treasuries submit Plus and Minus Memorandum to the State A.G. along with monthly account for the transactions on account of each class of deposit and each kind of stamps.Public Accounts Committee
The reports of the C.A.G. are examined by the Public Accounts Committee consisting of 22 members. There are 15 members of House of People and 7 members of the Upper House (Rajya Sava). Term of the committee is one year.Committee of Public Undertaking
Public enterprises are financed from Public funds. This committee examine the reports submitted by C.A.G in respect of Public sector undertakings on behalf of the Legislature. The committee consisting of 15 members (10 members from House of People and 5 members from Upper House (Rajya Sava)). Term of the committee is one year.Revenue expenditure
Expenditure on a temporary asset or expenditure on Grants-in-aid to local bodies or institutions (for the purpose of creating assets which will belong to those local bodies or institutions) can not ordinarily be classified as capital expenditure. After open for service maintenance charges will be treated as revenue expenditure.Capital expenditure
Capital expenditure means the expenditure incurred with the object either of increasing concrete assets of material and permanent character or of reducing recurring liabilities, viz Bridge, Road, Building etc.Treasury inspection by Accountant General (A&E) WB
Officers of the State Accountant General inspect the treasury periodically. There are two parts of inspection:
(a) Relating currency i.e. resource and public debt matters which are administrated by R.B.I.
(b) Other points relating to the treasury
(1) First part of the inspection reports is sent to the Currency Officer of R.B.I. along with the replies of the collector.
(2) Second part of the reports along with replies of Collector if not satisfactory, is sent to Divisional Commissioner. If the replies of the Divisional Commission are not satisfactory the same are brought to the notice of the State Govt.
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