Podcast
Questions and Answers
What is the purpose of the book 'Introduction to Indian Government Accounts and Audit'?
What is the purpose of the book 'Introduction to Indian Government Accounts and Audit'?
- To discuss the separation of finances between the Central Government and the Provincial Governments
- To highlight the role of the Comptroller and Auditor General of India
- To outline the history of government finance in India
- To provide a lucid explanation of government systems of accounts and audit (correct)
When did the separation of finances between the Central Government and the Provincial Governments occur?
When did the separation of finances between the Central Government and the Provincial Governments occur?
- It did not occur
- After the Montague Chelmsford Reforms (correct)
- During the formation of the Indian government
- Before the Montague Chelmsford Reforms
Why was it found necessary to maintain separate accounts for each Provincial Government from 1921-22?
Why was it found necessary to maintain separate accounts for each Provincial Government from 1921-22?
- To align with the government of India's accounting standards
- To accurately track assets and liabilities assigned to the Provincial Government (correct)
- To satisfy public demand for transparent financial records
- To prevent corruption and financial mismanagement
What is considered a rarity about the present work according to the preface?
What is considered a rarity about the present work according to the preface?
During which period did the author purchase a copy of an earlier edition of the book?
During which period did the author purchase a copy of an earlier edition of the book?
Who is responsible for issuing the book 'Introduction to Indian Government Accounts and Audit'?
Who is responsible for issuing the book 'Introduction to Indian Government Accounts and Audit'?
When did the functional system of classification come into effect?
When did the functional system of classification come into effect?
What was the next reform after the introduction of the functional system of classification?
What was the next reform after the introduction of the functional system of classification?
What was becoming obvious about the traditional accounting system and standard methods of communicating information on plan programmes?
What was becoming obvious about the traditional accounting system and standard methods of communicating information on plan programmes?
What was considered a much needed reform in the late sixties and early seventies?
What was considered a much needed reform in the late sixties and early seventies?
What was the gap widening between?
What was the gap widening between?
What was not available in time for mid-course corrections during the period of implementation?
What was not available in time for mid-course corrections during the period of implementation?
What did the structure of classification in government accounts enlarge to meet?
What did the structure of classification in government accounts enlarge to meet?
Study Notes
Purpose of the Book
- The book 'Introduction to Indian Government Accounts and Audit' serves a specific purpose.
Separation of Finances
- The separation of finances between the Central Government and the Provincial Governments occurred in 1921-22.
Maintenance of Separate Accounts
- From 1921-22, it was necessary to maintain separate accounts for each Provincial Government.
Rarity of the Present Work
- According to the preface, it is rare to find a book like the present work.
Author's Purchase
- The author purchased a copy of an earlier edition of the book during the period of 1921-22.
Issuance of the Book
- The book 'Introduction to Indian Government Accounts and Audit' is issued by the Indian Government.
Functional System of Classification
- The functional system of classification came into effect in 1921-22.
Next Reform
- The next reform after the introduction of the functional system of classification was the introduction of a new system of budgeting.
Limitations of Traditional Accounting System
- The traditional accounting system and standard methods of communicating information on plan programmes were becoming inadequate.
Much Needed Reform
- A much-needed reform in the late sixties and early seventies was the introduction of a new system of budgeting.
Widening Gap
- The gap between planning and budgeting was widening.
Unavailability of Information
- During the period of implementation, information was not available in time for mid-course corrections.
Enlargement of Classification Structure
- The structure of classification in government accounts was enlarged to meet the needs of a new system of budgeting.
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Description
Test your knowledge of the fifth edition of 'Introduction to Indian Government Accounts and Audit' issued under the authority of the Comptroller and Auditor General of India. The quiz covers various aspects of government accounting and auditing as presented in the publication.
