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Accounting
Procedure- Expenditure & Revenue
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1. Expenditure Accounting:
This involves preparation of Monthly Accounts by the Pay and Accounts
Officers in respect of the monthly expenditure incurred by the respective
Commissionerates/Directorates and the end of the year preparation
of Annual Appropriation Accounts pertaining to the grants of CBEC
and Statement of the Central Transactions.
2. Receipt Accounting:
The indirect taxes collected by the Central Board of Excise
and Customs and classified under different major heads of Accounts
such as:-
i. 0037-Customs
ii. 0038-Union Excise Duties
iii. 0044-Service Tax
3. Monthly Management
Report and Flash Figures: Flash figures of Revenue Receipt is
a useful management input to the Board and Department of Revenue.
It gives an indication of the trend in revenue receipts in terms
of actual cash inflow in Government Account. The office of Principal
Chief Controller of Accounts collects the flash figures from the
PAOs, compiles the figures and prepares the flash figures immediately
at the end of every month.
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