Questions and Answers
Who exercises accounting functions in the context of Postal Accounts?
What is the meaning of 'Bank' in this context?
Who is the 'Chief Accounting Authority'?
What is meant by 'Branch Audit Office'?
Signup and view all the answers
Who is subordinate to the Chief Accounting Authority?
Signup and view all the answers
What is meant by 'Constitution' in this context?
Signup and view all the answers
Who exercises audit functions in the context of Postal Accounts?
Signup and view all the answers
What is meant by 'Branch Postal Accounts Office'?
Signup and view all the answers
Study Notes
Definitions of Key Terms
- Accounting Authority: The General Manager (Finance) Postal Accounts, including the Director of Accounts (Postal) and Deputy Director of Accounts (Postal), who exercises accounting functions.
Roles and Responsibilities
- Accounts Officer: An officer subordinate to, or under the superintendence of, the Chief Accounting Authority or the Accounting Authority, who exercises accounting functions.
Audit and Financial Institutions
- Audit Officer: An officer subordinate to, or under the superintendence of, the Comptroller and Auditor General, who exercises audit functions.
- Bank: The Reserve Bank of India, its offices or branches, or any branch of the State Bank of India acting as the agent of the Reserve Bank of India, or any branch of a subsidiary bank, or any other agency appointed by the Reserve Bank of India.
Office and Authorities
- Branch Audit Office or Audit Office: The office of the Director of Audit/Audit officer in-charge, in independent charge of one of the Postal and Telecom Audit Offices.
- Branch Postal Accounts Office or Postal Accounts Office: The office of the General Manager (Finance) Postal Accounts, Director of Accounts (Postal), and Deputy Director of Accounts (Postal), in-charge of the Postal Accounts Office of the Circle.
- Comptroller and Auditor General: The Comptroller and Auditor General of India.
- Chief Accounting Authority: The Secretary of the Department/Ministry with overall control of the accounting functions of the Department.
- Controller General of Accounts: The Controller of Accounts in the Ministry of Finance (Department of Expenditure), responsible for establishing and maintaining a technically sound Payment-cum-Accounting system in departmentalized accounts offices.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz covers key terms and definitions related to postal accounts and finance, including accounting authorities and officers.
