Finance Accounts

The Finance Accounts comprise the Grant of the Central Board of Excise & Customs and represents the accounts of the receipts and outflows to /from the Consolidated Fund of India and the Public Accounts along with the financial results and accounts of the Public bodies / Institutions and assets as recorded in the accounts as per requirement. The Finance Accounts are prepared in two parts which consist of Summary Statements in respect of Revenue, Capital (Consolidated fund), Debt, Deposit, Suspense & Remittance transactions (Public Account) & Contingency Fund and detailed statements in respect of these transactions. The basic material for the preparation of Finance Accounts is the Statement of Central Transactions (SCT), and it is prepared in the Principal Accounts Office from the annual accounts and sent to Controller General of Accounts office and Director General of Audit, Central Revenue, New Delhi. A summary statement of the Finance Accounts for 2004-2005 is presented in Fund Flow Statements I and II.

 

Debit	Section of Account	Name of Account	Credit
1115.57 79.02       -   - -	F       I   J	Consolidated Fund-Govt. Account i) Loans & Advances ii) Other loans Contingency Fund Public Accounts Small Savings Provident Fund etc. Reserve Fund a) Reserve Fund bearing interest b) Reserve Fund not bearing interest	-           1677.57 17.40 141.84
-		Total	159.24
- - 1.76	K	Deposits and Advances a) Deposit Fund bearing interest b) Deposit Fund not bearing interest c) Advances	0.17 516.73 -
1.76		Total	516.90
407.17 -63.15 344.01	L   M	Suspense & Miscellaneous b) Suspense c) Other Accounts Total Remittances a) Remittances adjusted etc.	- -
2353.71		Grand Total	2353.71

I. Consolidated Funds
II. Public Account