The forms in which accounts are to be maintained are prescribed by the President of India on the advice of the Comptroller & Auditor General of India.
Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971, details the functions and powers of the Comptroller & Auditor General of India. The following sections of the Act deal with the compilation of accounts of the State Government.
Section 10- Compilation of Account
Section 11- Submission to Governor
Section 12- Supply of information
At the State level this function of Compilation of Accounts is being discharged by the Principal Accountant General (A&E), as a representative of the Comptroller and Auditor General of India.
The accounts are prepared monthly and also annually.
At the beginning of the year budget is passed by the State Legislature and the funds are made available for implementation of the scheme. The money is drawn by the designated officers of the Government called as ‘Drawing & Disbursing Officers’ through Bills drawn on Government Treasuries working at District and Taluka level. When the bill is passed by the Treasuries, money is given to the Drawing & Disbursing Officers for implementation of the scheme and vouchers (passed bills) are passed on to the Accountant General Office along with initial accounts by the Treasury Offices for compilation of Accounts. Similarly, Government Receipt is also collected in the Treasury and the accounts of receipts are passed on to the Accountant General Office for compilation of Accounts.