Model Accounting System for Panchayati Raj Institution and Its Outlook

Dr. Pushpendra Misra, Anshu Gupta

Abstract: Model Accounting System is introduced by C & AG on the recommendation of Eleventh Finance Commission. Model Accounting System is based on the concept of Cash Book, The Accounts are to be kept in two parts, Part - I To record transactions of all receipts and expenditure relating to Panchayats Fund, Part - II To record transactions relating to Provident Funds, Loans, Deposits and Advances in this account are classified in four different head viz. Major Head, Minor Head, Sub-Head and Object Head

Keywords: Panchayati Raj Instituion, Model Accounting System, Cash Book

How to Cite?: Dr. Pushpendra Misra, Anshu Gupta, "Model Accounting System for Panchayati Raj Institution and Its Outlook", Volume 4 Issue 12, December 2015, International Journal of Science and Research (IJSR), Pages: 238-241, https://www.ijsr.net/getabstract.php?paperid=NOV151678, DOI: https://dx.doi.org/10.21275/NOV151678